MomentumTradingHQ.com Featured Stock for the Week of 8/26/24 - 8/30/24: GameStop Corporation (GME) Day Trade Return of 6.1%

GameStop shares traded higher late last week on continued strength after the company issued a notice to terminate its 250 million credit facility.

Our proprietary real time alert services picked up GME's unusual stock and option volume early Friday morning. Depending on your favorite momentum indicator several opportunities presented themselves to get in to capture a portion of the daily return.

As shown in the chart below, a day trade entered at 10:45 am and closed at the end of the day would have gained 6.1%. The chart shows the indicators that were triggered as well as the time.

If you are interested in getting real time stock alerts sent to your email visit MomentumTradingHQ.com and subscribe to the indicator alert service that fits your trading style. There is currently a 7 day free trial.

If you are interested in receiving the Featured Stock of the Week blog visit MomentumTradingHQ.com and sign up for free.