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) shares are trading lower by 3.6% to $11.56 during Tuesday’s session. The stock is trading lower, likely on downward momentum and amid overall market weakness, after the company last week reported worse-than-expected fourth-quarter financial results.
What Happened With Earnings?
GameStop’s fourth-quarter net sales for the fiscal year totaled $1.794 billion, marking a decline from the previous year’s figure of $2.226 billion and falling short of analysts’ consensus estimate of $2.05 billion. Earnings per share for the quarter were 22 cents, below the anticipated 29 cents per share.
For the full fiscal year, net sales amounted to $5.273 billion, down from the previous year’s total of $5.927 billion.…Read More
How To GME Stock
Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.
For example, in GameStop's case, it is in the Consumer Discretionary sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
According to data from Benzinga Pro, GME has a 52-week high of $27.65 and a 52-week low of $11.54.
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.
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