Riding the Gamestop Momentum (GME)

I found Gamestop (GME) playing around with Scottrades technical analysis screener.  My only input were that the 100 EMA was crossed above the 200 EMA over the previous week. Not only were all three 50/100/200 EMA's crossed above each other, Game stop saw a nice breakout of the April 2010 highs.  I'm a gamer at heart so i didn't need to look into their business model, becasue i have been apart of it for many years.
I love to play around with the Ben Graham Fair value number.

Fair Value of a Stock= Squart root (22.5 X BVPS X EPS)

Gamestop's numbers.

Total Equity = $2,897,000,000
Total Shares Outstanding = 146,000,000
BVPS= $19.843
EPS = $2.65

FV = SQRT(22.5 X $19.843 X $2.65) = $34.40

With a current market price $26.40, that means 30.3% upside potential.  That $34.40 number is very close to the April 2009 high of $32.42.  I'll be watching the $27-$28 levels to see if this move can last!

I think if it breaks $32, we could be thinking about a $40 GME, which sounds good to me. 

Let's hope I'm right on this one, but earnings season will be tell-tale, and my bullish sentiment might reverse.