Gamestop Higher After Mixed Q4 Report

Gamestop Corp.

shares are trading higher by $0.50 at $30.77 in Monday'session. It has been a volatile session for the issue after announcing a Q4 beat of $0.15 but with a miss for revenues. Also, the company lowered guidance for Q1. After a lower open, it continued in that direction until it found support at $28.40 and staged a rebound. That level coincides with its February 24 low ($28.26). The ensuing rally has taken the issue to $30.77 and is not far off that level. The current high coinicides with its highs from March 22 ($30.79) and March 23 ($30.81),