Watch Out for These Levels in GameStop’s Stock Price [Video]

Retail traders’ favorite meme stock, GameStop (GME), is likely to remain in the spotlight on Monday after a wild finish to trading last week spurred by social media posts and unexpected news announcements.

Since roaring back to life last month following social media meme-stock influencer Keith Gill—better known as “Roaring Kitty”—making his first post about the retailer after a three-year hiatus, GameStop shares have continued to exhibit heightened volatility. The stock soared more than six-fold between late April and mid-May before promptly falling around 70% in eight trading sessions as investors rushed to lock in profits.

More recently, the price has regained its upward momentum after the 50-day moving average (MA) crossed above the 200-day MA to generate a bullish golden cross buy signal. Increasing volume has accompanied the stock’s latest upward movement, indicating growing interest from market participants, mostly likely from an army of retail traders trying to catch short-term price fluctuations.

The shares have traded within …