Stocks Showing Improved Relative Strength: Sciplay Corporation
The Relative Strength (RS) Rating for Sciplay Corporation entered a new percentile Wednesday, as it got a lift from 70 to 75.
When you're researching the best stocks to buy and watch, keep a close on eye on relative price strength.
This proprietary rating measures market leadership by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history shows that the top-performing stocks tend to have an RS Rating north of 80 in the early stages of their moves. See if Sciplay Corporation can continue to rebound and hit that benchmark.
While the stock is not near a proper buying range right now, see if it manages to form and break out of a proper consolidation.
The company posted negative growth for both sales and earnings last quarter.
Sciplay Corporation holds the No. 2 rank among its peers in the Computer Software-Gaming industry group. Sciplay Corporation and Neogames S A are also among the group's highest-rated stocks.