
GameStop (GME) shares are inching higher on Tuesday after the gaming merchandise retailer said it will launch “Power Packs,” a digital trading card platform, on April 15. The post-announcement rally drove GME above its 50-day moving average (MA), signaling that this bullish momentum may sustain in the near term.
Still, disciplined investors are recommended against chasing the momentum in GameStop stock that remains down about 6% versus its year-to-date high.