GameStop Corporation(NYSE:GME) was spiking higher on Thursday after consolidating a 64% surge on May 25 and May 26 that brought the stock to the $148.46 level.
The two-day rally, paired with three days of consolidation between Monday and Wednesday, settled GameStop into a bull flag pattern on the daily chart.
On Wednesday, GameStop printed mixed first-quarter financial results. The company beat on its top-line figure, reporting revenues of $1.38 billion compared to the consensus estimate of $1.32 billion, but reported a quarterly earnings loss of $2.08 per share, which came in below the loss of $1.45 per share expected by analysts.
The beat...
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