When considering what names to put on your watch list, look for stocks with an 80 or higher RS Rating. GameStop Cl A just cleared that benchmark with an upgrade from 76 to 81.
IBD's proprietary RS Rating tracks technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
History shows that the top-performing stocks tend to have an 80 or higher RS Rating as they launch their biggest runs.
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GameStop Cl A has moved more than 5% past an 18.59 entry in a first-stage cup without handle, meaning it's now out of a proper buy zone. Look for the stock to offer a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 500%, compared to 0% in the prior report. Revenue increased from -31% to -20%. Keep an eye out for the company's next round of numbers on or around Mar. 25.
The company holds the No. 2 rank among its peers in the Retail-Consumer Electronics industry group. GameStop Cl A is the top-ranked stock within the group.
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.
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