In a welcome move, GameStop stock saw its Relative Strength Rating rise from 67 to 74 on Monday.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This exclusive rating from Investor's Business Daily identifies share price movement with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the trailing 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the top-performing stocks typically have an 80 or higher RS Rating in the early stages of their moves. See if Gamestop Corp can continue to show renewed price strength and clear that threshold.
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Is GameStop Stock A Buy?
GameStop stock retook its 200-day moving average and is now considered extended and out of buy rang. See if the stock forms a new chart pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Earnings-per-share growth dropped last quarter from 0% to -362%, but sales rose from 6% to 8%.
GameStop Corp stock holds the No. 2 rank among its peers in the Retail-Consumer Electronics industry group. GameStop Corp and Best Buy are also among the group's highest-rated stocks.
