Gamestop’s most recent trend suggests a bearish bias. One trading opportunity on Gamestop is a Bear Call Spread using a strike $220.00 short call and a strike $230.00 long call offers a potential 19.05% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $220.00 by expiration. The full premium credit of $1.60 would be kept by the premium seller. The risk of $8.40 would be incurred if the stock rose above the $230.00 long call strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Gamestop is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving down which suggests that the medium-term momentum for Gamestop is bearish.
The RSI indicator is at 24.1 level which suggests that the stock is neither overbought nor oversold at this time.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for Gamestop
INVESTOR ALERT: Labaton Sucharow Pursuing Arbitration for Robinhood Trading Restrictions; Traders with Losses Encouraged to Contact the Firm
Mon, 28 Jun 2021 22:50:00 +0000
NEW YORK, NY / ACCESSWIRE / June 28, 2021 / Labaton Sucharow LLP, a premier securities litigation law firm, announces it is pursuing claims on behalf of traders using Robinhood who suffered losses in Gamestop (NYSE:GME), AMC (NYSE:AMC), Nokia (NYSE:NOK), BlackBerry, Bed Bath & Beyond, Naked Brands, Koss, or Express following Robinhood’s decision to restrict trading.During the week of January 25, 2021, the price of Gamestop stock increased over 200% due to a large number of individual traders buy
Market Recap: Monday, June 28
Mon, 28 Jun 2021 20:49:06 +0000
Stocks were mixed on Monday, with the S&P 500 and Nasdaq rising to notch fresh record levels, as traders looked ahead to more key economic data later this week. Bill Baruch, Blue Line Futures President and Frances Newton Stacy, Optimal Capital Director of Strategy joined Yahoo Finance Live to discuss.
GameStop Stock Heats Up After Another Analyst Puts It on Ice
Mon, 28 Jun 2021 19:53:00 +0000
Baird’s Colin Sebastian suspended his Neutral rating and $25 price target, writing that nonfundamental factors make it tough to give a ‘reasonable’ recommendation.
Dow Jones Lags As Nasdaq Hits Record; Apple Nears Buy Point; AMC Stock Surges
Mon, 28 Jun 2021 19:01:52 +0000
The Dow Jones slumped as the Nasdaq gained. Apple stock closed in on a new buy point. AMC stock surged, while GameStop stock also gained.
Nasdaq surges to record, FAA stalls Boeing 777X, airline stocks nosedive, AMC & GameStop jump
Mon, 28 Jun 2021 18:36:05 +0000
Yahoo Finance’s Jared Blikre reports on the day’s trending tickers.
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