The Relative Strength (RS) Rating for Gamestop Corp jumped into a new percentile Tuesday, with an increase from 74 to 83. Last year's high flyer on the Robinhood trading platform still in the game.
When you're researching the best stocks to buy and watch, keep a close on eye on relative price strength.
This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
History reveals that the best stocks typically have an RS Rating of over 80 as they begin their biggest runs.
Looking For Winning Stocks? Try This Simple Routine
Gamestop Corp is not in a good place for buyers at the moment. After last the crazy moves last year, it has slowed down the big swings. Currently the stock is trying to break through key moving averages. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight . Or even better, forms a more traditional pattern offering an opportunity to play this stock.
Earnings Update
While EPS growth fell in the company's most recently reported quarter from 0% to -362%, revenue grew 8%, up from 6% in the prior report.
Gamestop Corp earns the No. 1 rank among its peers in the Retail-Consumer Electronics industry group.
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