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Watch for Shares of Gamestop Corp-A (GME) to Approach Resistance at $13.83

By James Quinn

Gamestop Corp-A (NYSE:GME) has opened bullishly above the pivot of $13.45 today and has reached the first level of resistance at $13.67. Analysts will be watching for a cross of the next upside pivot targets of $13.83 and $14.21.

Over the past year, Gamestop Corp-Ahas traded in a range of $0.00 to $32.67 and are now at $0.00. Over the last five market days, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has advanced 0.5%.

Gamestop Corp-A has overhead space with shares priced $0.00, or 100.0% below the average consensus analyst price target of $20.44. The stock should run into initial resistance at its 50-day moving average (MA) of $31.25 and subsequent resistance at its 200-day MA of $36.06.

SmarTrend recommended that its subscribers protect gains by selling shares of Gamestop Corp-A on February 2nd, 2018 by issuing a Downtrend alert when the shares were trading at $16.44. Since that call, shares of Gamestop Corp-A have fallen 17.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: pivot alerts gamestop corp-a

Ticker(s): GME