GameStop Corp. shares are trading lower Monday alongside other meme stocks. The stock is continuing to slide lower after the company’s quarterly earnings report last Wednesday showed a 30 percent revenue boost, but a large widening loss-per-share.
GameStop was down 1.23 percent at $137.96 at time of publication.
GameStop Daily Chart Analysis
Shares look to have recently crossed below the higher low trendline in what traders would call an ascending triangle pattern. The cross below the support level is showing that GameStop has been unable to continue the uptrend it has been on.
