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Actionable news in GME: GAMESTOP Corp CLASS A,

Roof Leaker To Watch: GameStop (GME)

Trade-Ideas LLC identified GameStop ( GME) as a "roof leaker" (crossing below the 200-day simple moving average on higher than normal relative volume) candidate. In addition to specific proprietary factors, Trade-Ideas identified GameStop as such a stock due to the following factors:

  • GME has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $62.9 million.
  • GME has traded 150,009 shares today.
  • GME is trading at 1.62 times the normal volume for the stock at this time of day.
  • GME crossed below its 200-day simple moving average.

'Roof Leaker' stocks are worth watching because trading stocks that begin to experience a breakdown can lead to potentially massive losses. Once psychological and technical resistance barriers like the 200-day moving average are breached on higher than normal relative volume, the stock may then be subject to emotional selling from investors that can continue to drive the stock lower. Regardless of the impetus behind the price and volume action, when a stock moves with weakness and volume it can indicate the start of a new, potentially dangerous, trend. EXCLUSIVE OFFER: Get the inside scoop on opportunities in GME with the Ticky from...


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