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Zacks #1 Stocks on the Move 10/09/2015

Company Name Symbol %Change
Watch for Continued Gains in Shares of GameStop (GME)

Print Share

Dec 13, 2012 (52 Week high-lows via COMTEX) -- Shares of GameStop (NYSE:GME) traded today at $28.35, breaking its 52-week high. So far today approximately 2.3 million shares have been exchanged, as compared to an average 30-day volume of 3.2 million shares.

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.

GameStop (NYSE:GME) has potential upside of 2.3% based on a current price of $28.05 and analysts' consensus price target of $28.68. The stock should discover initial support at its 50-day moving average (MA) of $22.34 and subsequent support at its 200-day MA of $20.87.

In the past 52 weeks, GameStop share prices have been bracketed by a low of $15.32 and a high of $28.35 and are now at $28.05, 83% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.2% while the 200-day MA has slid 0.2%.


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