Can GameStop Squeeze Back to $300 a Share?

TheStreet2021-05-27

GameStop is finding some momentum again. Will this stock see $300 a share or more? Here's how the charts look now. The whole Reddit saga will be remembered for a long time and as a result so too will ...

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Comments

Stonker
2021-05-27
Stonker
MOASS has started and will climax when all is revealed in the upcoming shareholders' meeting in June...these are end days with the DTCC and Gensler preparing for this once in a lifetime textbook study of how not to f$#k with gamers who will keep coming back again and again just when its game over with BOSS FIGHT...the hedgies really forgot that they are dealing with the arrival of a new breed of investors aka gamers...blood moon risin'
daniao
2021-05-27
daniao
comment
RonaldSTH
2021-05-27
RonaldSTH
Game over
jkooooo
2021-05-27
jkooooo
Diamond hands
ivy888
2021-05-27
ivy888
Please comment n reply
- Joker_Smile:
  commented
Marv57
2021-05-27
Marv57
Like share comment nice

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Will this stock see $300 a share or more? Here's how the charts look now.\nThe whole Reddit saga will be remembered for a long time and as a result so too will ...</p>\n\n<a href=\"https://www.thestreet.com/investing/trading-gamestop-gme-stock-short-squeeze-reddit\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GME","symbol_name":"游戏驿站","start_time":0,"source_url":"https://www.thestreet.com/investing/trading-gamestop-gme-stock-short-squeeze-reddit","article_id":"1137582907","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1137582907","pubTimestamp":1622095119,"sourceInfo":null,"weMediaInfo":null,"summary":"GameStop is finding some momentum again. Will this stock see $300 a share or more? Here's how the ch","collect":0,"end_time":0,"defaultTopTitle":"thestreet.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"GME":"游戏驿站"},"translate_title":"游戏驿站能挤回每股300美元吗？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GME":0.9},"content_text":"GameStop is finding some momentum again. Will this stock see $300 a share or more? Here's how the charts look now.\nThe whole Reddit saga will be remembered for a long time and as a result so too will GameStop.\nUp 16% so far on Wednesday and it’s clear that this stock isn’t going away. Of course, announcing its NFT line doesn’t hurt either. Neither does its elevated short interest.\nIt’s actually quite impressive how high the stock price remains given that it’s been months since the short-squeeze hoopla created a stir in January.\nImpressively, the stock remains elevated despite multiple earnings reports and the company’s announcement to raise $551 million via a secondary offering.\nWhile this action will result in more shares coming to market - increasing the share count or “supply” - bulls have remained undeterred, keeping “demand” high as well.\nAs a result, the stock price remains higher by more than 1,100% so far this year.\nAnother short squeeze stock from Reddit is AMC Entertainment. While it hasn’t maintained its gains like GameStop, it’s been coming back to life lately too.\nHow long can GameStop keep it up?\nTrading GameStop\nDaily chart of GameStop stock.\nI want to preface this with a rather obvious caveat: GameStop is speculative, it’s volatile and its trading ranges are incredibly wide. While there is great risk in trading this stock, there is also opportunity.\nWith a new CEO succession plan in place and plans to capitalize on e-commerce, bulls have several catalysts to latch on to.\nEarlier this month, GameStop stock reclaimed the 10-day and 21-day moving averages, but it continued to struggle with the 50-day moving average. That is, until Monday when it reclaimed this mark too.\nStill, it’s been an uphill battle for bulls lately. Even after reclaiming the 50-day moving average, the stock still struggled with $188. On Tuesday though, the stock finally erupted through this mark, climbing 16.3% in the session and closing at a multi-month high.\nIt did give investors some pause though, as shares struggled with the $212 level. However, they didn’t have to wait long to see how it would resolve.\nWith GameStop stock gapping over this level now, investors want to see shares stay above the $210 to $212 area. To lose this zone could very well put the 10-day moving average and the $188 level back in play.\nOn the upside, let’s see if GameStop can take out this week’s high and clear $250. Above the latter puts the $275 to $295 zone in play, with $300-plus possible if it clears that area.\nOn the downside, a break of $188 puts the 50-day moving average and uptrend support (blue line) back on the table.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":132795397,"gmtCreate":1622113460019,"gmtModify":1704179685569,"author":{"id":"3575285094262582","authorId":"3575285094262582","name":"Stonker","avatar":"https://static.tigerbbs.com/30eb7dc58172a5e840d654113620cc49","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"MOASS has started and will climax when all is revealed in the upcoming shareholders' meeting&nbsp;in June...these are end days with the&nbsp;DTCC and Gensler preparing for this once in&nbsp;a lifetime textbook study of how not to f$#k with gamers who will keep coming back again 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they are dealing with the arrival of a new breed of investors aka gamers...blood moon risin'","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/132795397","repostId":1137582907,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":132541971,"gmtCreate":1622102904293,"gmtModify":1704179501106,"author":{"id":"3575541782223727","authorId":"3575541782223727","name":"daniao","avatar":"https://static.tigerbbs.com/f1193bc7847be1da820c2d94723471b2","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"comment","listText":"comment","text":"comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/132541971","repostId":1137582907,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":132539288,"gmtCreate":1622097351944,"gmtModify":1704179415802,"author":{"id":"3580445955391890","authorId":"3580445955391890","name":"RonaldSTH","avatar":"https://static.tigerbbs.com/390194fd6f59520ee0b7649e7fabb953","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Game over","listText":"Game over","text":"Game over","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/132539288","repostId":1137582907,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":132592006,"gmtCreate":1622097002805,"gmtModify":1704179407046,"author":{"id":"3581581534662324","authorId":"3581581534662324","name":"jkooooo","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0},"htmlText":"Diamond hands","listText":"Diamond hands","text":"Diamond hands","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/132592006","repostId":1137582907,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":132596865,"gmtCreate":1622096979757,"gmtModify":1704179406561,"author":{"id":"3579641974902127","authorId":"3579641974902127","name":"ivy888","avatar":"https://static.tigerbbs.com/10358949b7fc96b011ec29ca7fd9c9a4","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"Please comment n reply&nbsp;","listText":"Please comment n reply&nbsp;","text":"Please comment n 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share comment nice","listText":"Like share comment nice","text":"Like share comment nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/132506290","repostId":1137582907,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":20,"commentSize":10,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; 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