GameStop (GME) NewsBite - GME Covered In Vic Wisemann Report Today

Posted: Monday, February 23, 2009 10:22 AM EDT

GameStop (GME) was covered in a Vic Wisemann Report today and the stock is now at $26.47, down $0.21 (-0.79%) on volume of 179,117 shares traded. To see the report, and read Vic's thoughts on new stock market realities, go to http://www.iotogo.com/vw022309 . Over the last 52 weeks the stock has ranged from a low of $16.91 to a high of $59.13. GameStop stock has been showing support around $24.97 and resistance in the $27.91 range. Technical indicators for the stock are bullish and S&P gives GME a positive 5 STARS (out of 5) strong buy ranking. If you are looking for a hedged play on GME the stock seems like it could be a candidate for an April out-of-the-money bear-call credit spread above the 35 range. [ABR-Seven Summits Strategic Investments NewsBite]

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