UPDATE: GameStop Reports Decline In Q2 Profit; Shares Down In Pre-Market - GameStop (NYSE:GME)

20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine." A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.

GameStop Corp (NYSE: GME) reported a decline in its quarterly profit. GameStop reported its second-quarter net income at $30.6 million, or $0.22 per share, down from $39.8 million, or $0.26 per share, in the year-ago period. The company's sales came in at $1.7 billion. However, analysts were expecting earnings of $0.22 per share on revenue of $1.83 billion.GameStop projects Q3 comparable store sales to rise 2% to 4%. GameStop shares dropped 5.47% to $19.34 in pre-market trading.

20-Year Pro Trader Reveals His "MoneyLine"

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!