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Is GameStop (GME) Ready to Breakout?

Zacks Equity Research

GameStop Corp. (GME) could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front. Recently, the 50 Day Moving Average for GME broke out below the 200 Day Simple Moving Average, suggesting short-term bearishness.

This has already started to take place, as the stock has moved lower by 29.8% in the past four weeks. Plus, the company currently has a Zacks Rank #5 (Strong Sell) meaning that now could definitely be the time to get out of this potentially in-trouble stock.

GAMESTOP CORP HOLDING CO (GME): Free Stock Analysis Report

Zacks Investment Research