GameStop Trades at $27.29 as Daily RSI Enters Overbought Territory
Photo: TokenPost
Shares of GameStop (GME) were at $27.29 by 10:45 a.m. ET (14:45 UTC) Oct. 13, a 0.22% increase from the prior close as momentum readings stayed elevated across several time frames. GameStop’s daily RSI, calculated over 14 periods, registered 74.97, exceeding the commonly watched 70 threshold. The hourly RSI was 72.54, while the 15-minute reading stood at 67.35. An overbought RSI reading indicates strong recent momentum but does not by itself establish that a stock must decline. The readings reflect different time horizons, with the daily and hourly measures above 70 and the shorter-term 15-minute measure below that threshold.
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Source: TokenPost
