GME 4hr - BB Squeezing
When Bollinger Bands® (Yellow lines) are far apart, volatility is high. When they are close together, it is low. A Squeeze is triggered when volatility reaches a six-month low and is identified when Bollinger Bands® reach a six-month minimum distance apart. (investopedia.com/articles/technical/04/030304.asp)
Morningstar data is currently estimating
GME fair value at $48.42
Zacks' proprietary data indicates that GameStop Corp. is currently rated as a Zacks Rank 2 and we are expecting an above average return from the GME shares relative to the market in the next few months. In addition, GameStop Corp. has a VGM Score of A (this is a weighted average of the individual Style Scores which allow you to focus on the stocks that best fit your personal trading style). Valuation metrics show that GameStop Corp. may be undervalued. Its Value Score of B indicates it would be a good pick for value investors. The financial health and growth prospects of GME, demonstrate its potential to outperform the market. It currently has a Growth Score of A. Recent price changes and earnings estimate revisions indicate this would be a good stock for momentum investors with a Momentum Score of B. (zacks.com/stock/research/GME/stock-style-scores)
GameStop has been cash flow positive for the last two quarters and delivered an average earnings surprise of 37.29% in the trailing four quarters.
GameStop Director Larry Cheng, who is paid in shares and does not receive a cash salary, used his own money to acquire 5,000 additional shares of the company's stock at market price. (thestreet.com/memestocks/gme/gamestop-stock-3-signs-of-bullish-sentiment)
A breakout from the BB squeeze to the upside (
27) with high volume like on March 22nd may create a perfect cup & handle indicating another possible breakout to the upside ($32.80)
Not advice, only my opinion. Do your own due diligence.
Morningstar data is currently estimating
GME fair value at $48.42Zacks' proprietary data indicates that GameStop Corp. is currently rated as a Zacks Rank 2 and we are expecting an above average return from the GME shares relative to the market in the next few months. In addition, GameStop Corp. has a VGM Score of A (this is a weighted average of the individual Style Scores which allow you to focus on the stocks that best fit your personal trading style). Valuation metrics show that GameStop Corp. may be undervalued. Its Value Score of B indicates it would be a good pick for value investors. The financial health and growth prospects of GME, demonstrate its potential to outperform the market. It currently has a Growth Score of A. Recent price changes and earnings estimate revisions indicate this would be a good stock for momentum investors with a Momentum Score of B. (zacks.com/stock/research/GME/stock-style-scores)
GameStop has been cash flow positive for the last two quarters and delivered an average earnings surprise of 37.29% in the trailing four quarters.
GameStop Director Larry Cheng, who is paid in shares and does not receive a cash salary, used his own money to acquire 5,000 additional shares of the company's stock at market price. (thestreet.com/memestocks/gme/gamestop-stock-3-signs-of-bullish-sentiment)
A breakout from the BB squeeze to the upside (
27) with high volume like on March 22nd may create a perfect cup & handle indicating another possible breakout to the upside ($32.80)Not advice, only my opinion. Do your own due diligence.
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