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Watch for Gamestop Corp-A to Potentially Rebound After Falling 6.26% Yesterday

By Amy Schwartz

Gamestop Corp-A (NYSE:GME) traded in a range yesterday that spanned from a low of $13.15 to a high of $13.97. Yesterday, the shares fell 6.3%, which took the trading range below the 3-day low of $14.05 on volume of 4.1 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Gamestop Corp-A has traded in a range of $12.20 to $22.37 and is now at $13.31, 9% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has advanced 0.5%.

SmarTrend is monitoring the recent change of momentum in Gamestop Corp-A. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Gamestop Corp-A in search of a potential trend change.

Keywords: rebounders gamestop corp-a

Ticker(s): GME