Video game retailer GameStop (GME) will report after the market closes today.

Current Cap IQ Consensus estimates Q1 adj. EPS of $ 1.63 (vs $ 1.50 last year) on revs of $12.67 bln, +5.1%

GME has had a crazy start to 2021.

On January 11, the Co reported Holiday comps +4.8% (a 29.6% Q/Q improvement)

This triggered an epic short squeeze (with more than 100% of the float sold short at the time).

This short squeeze highlighted the emergence of a new class of stock known as reddit/meme stocks. It also highlighted a new class of investors (apes).

GME shares traded above 300 for 4 days Jan 27-Feb 1 at the peak.

TECHS:

Currently, shares have found a settling spot and have been pulling back to the 20-day Moving Average. That’s either going to be an epic double top or this is a cup and handle that has more squeeze in her.

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