Gamestop price action

Gamestop $GME (GME) is the number 1 searched stock on Google trends this morning. See the screen shot posted below of Google trends.

In analyzing Gamestop, from a trend investing perspective, some interesting notes:
On August 26th the price crossed from below to above trend benchmark. The filter cross over is not necessarily a buy signal. But it means the stock is now on the watchlist of performing stocks.

Next, in chronological order, a Buy signal, the stock made a 21 day breakout on August 31st.
We’ll be happy to post the charts if anyone is interested. 1,400% gain.

Comments and questions welcome.

Published by Trendanomics

Trend trading analysis of the markets with simple trend trading strategies.

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