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GameStop Makes a Move: Up 1.7%

Published on Tue, 04/30/2013 - 12:49
By Adrienne Chilton

GameStop (NYSE:GME) is a company whose shares are active, trading 1.7% higher to $35.15. The Dow is trading fractionally higher to 14,820 and the S&P is currently trading fractionally higher to 1,596.

GameStop (NYSE:GME) is currently priced 16.2% above its average consensus analyst price target of $29.47. The stock should discover initial support at its 50-day moving average (MA) of $28.02 and subsequent support at its 200-day MA of $23.76.

GameStop Corporation operates specialty electronic game and PC entertainment software stores throughout the United States, Australia, Canada and Europe. The Company stores sell new and used video game hardware, video game software and accessories, as well as PC entertainment software, and related accessories and other merchandise.

In the past 52 weeks, GameStop share prices have been bracketed by a low of $15.32 and a high of $35.30 and are now at $35.15, 129% above that low price. Over the past week, the 200-day moving average (MA) has gone up 1.1% while the 50-day MA has advanced 1.9%.

By Adrienne Chilton