Uptrend Call Working As GameStop Stock Rises 51.5% (GME)

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Dec 13, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified an Uptrend for GameStop (NYSE:GME) on August 13th, 2012 at $18.23. In approximately 4 months, GameStop has returned 51.50% as of today's recent price of $27.61.

In the past 52 weeks, shares of GameStop have traded between a low of $15.32 and a high of $28.35 and are now at $27.61, which is 80% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 1.2%.

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.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of GameStop shares.Log in and add GameStop (GME) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Write to Chip Brian at cbrian@mysmartrend.com

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Copyright, Comtex News Network, Inc. 2012

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