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GameStop Stock Gets Nintendo Switch 2 Boost: But Should Investors Hit Buy?
GameStop Corp (NYSE:GME) is back in the spotlight, and this time, it's not just about stock memes — it's about real action.
With Nintendo Switch 2 preorders live, GameStop offers up to $175 off when you trade in your older model, reported Mashable, and it's creating a stir. GameStop's trade-in deals might be too good to pass up if you’re considering upgrading your console.
The Switch 2, priced at $449.99 for the standard edition, is generating significant buzz, and GameStop is positioning itself as the go-to retailer with the most generous trade-in credits. They’re even offering Pro members an extra 10% in store credit, making it an even sweeter deal.
Read Also: GameStop Stock Rises Amid Switch 2 Preorders: What’s Going On?
But what about the stock?
Chart created using Benzinga Pro
While GameStop stock has slipped by -11.68% year-to-date, there's reason to believe the stock might be gearing up for a rebound. Trading at $27.08, the stock is above its five-day, 20-day and 50-day exponential moving averages, signaling strong bullish momentum.
GameStop stock is also trading higher than its eight-day, 20-day, and 50-day simple moving averages, all indicating bullish signals. The MACD (moving average convergence/divergence) indicator is positive at 0.83, supporting the bullish momentum and the RSI (relative strength index) is at 57.90, neither overbought nor oversold.
Overall, GameStop’s stock chart is suggesting there’s more room for growth, despite some slight selling pressure.
For investors, GameStop is sending mixed signals — its stock has dipped this year, but the bullish trends and gaming retail momentum provide hope. With Switch 2 preorders ramping up, this might just be the perfect time to add GameStop stock to your watchlist.
GameStop might just be on the path to a new game plan – and investors could be in for a winning round.
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