GameStop Corp. (GME) is expected to report their latest quarterly numbers after the close of trading Wednesday. The shares have rallied in the past month, but has this improved the technical picture? Let's check.
In the daily bar chart of GME, below, I can see that the shares have been grinding higher from early May. The shares are trading above the rising 50-day moving average line. GME is also trading above the 200-day line but its slope is negative.
The On-Balance-Volume (OBV) line shows a rise the past year suggesting that buyers of GME are being more aggressive than sellers. The Moving Average Convergence Divergence (MACD) oscillator is bullish.