Posted 10/18/2023, 1:35:06 PM
GameStop Stock Due for Rebound After Heavy Selling Pressure
- GameStop (GME) stock has declined 19.4% over the past 4 weeks due to significant selling pressure
- The stock looks poised for a reversal as it is oversold with an RSI of 29.62
- Wall Street analysts have raised EPS estimates for GME by 30.8% over the past 30 days
- GME currently has a Zacks Rank #1 (Strong Buy) suggesting a turnaround is likely
- Heavy selling pressure seems to be exhausting itself indicating the stock could bounce back
