In a welcome move, Nintendo saw its Relative Strength Rating rise from 68 to 71 on Thursday.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's unique rating measures share price action with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the trailing 52 weeks holds up against all the other stocks in our database.
Decades of market research reveals that the best stocks tend to have an 80 or better RS Rating in the early stages of their moves. See if Nintendo can continue to rebound and clear that threshold.
See How IBD Helps You Make More Money In Stocks
Nintendo stock is not currently offering a proper buying opportunity. See if the stock goes on to build a sound pattern that could begin a new run.
Top and bottom line growth moved higher last quarter. Earnings were up 8%, compared to -29% in the prior report. Revenue increased from -31% to -2%.
Nintendo stock holds the No. 12 rank among its peers in the Computer Software-Gaming industry group. Activision Blizzard Inc is ranked No. 1.
Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks
