On Thursday, GameStop stock got an upgrade to its Relative Strength (RS) Rating, from 61 to 79.
When To Sell Stocks To Lock In Profits And Minimize Losses
IBD's proprietary rating measures market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
History shows that the market's biggest winners often have an 80 or better RS Rating as they launch their largest runs. See if GameStop Cl A can continue to show renewed price strength and hit that benchmark.
Is GameStop Stock A Buy?
GameStop stock is working on a cup without handle with a 34.40 entry. See if the gaming stock can clear the breakout price in volume at least 40% above average.
The video game retailer showed 36% EPS growth in its most recent report, while sales growth came in at -28%. The company is expected to report its latest earnings and sales numbers on or around Jun. 4.
GameStop stock earns the No. 1 rank among its peers in the Retail-Consumer Electronics industry group. Best Buy and are also among the group's highest-rated stocks.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
