The Relative Strength (RS) Rating for Nintendo jumped into a new percentile Wednesday, with a rise from 79 to 82.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's proprietary RS Rating identifies market leadership by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners often have an 80 or better RS Rating in the early stages of their moves.
Nintendo is in a buy range after breaking past a 56.02 entry in a cup without handle. Once a stock moves 5% or higher beyond the original entry, it's considered out of buy range.
Earnings grew 154% last quarter, up from 31% in the prior report. Revenue also increased, from -4% to 45%. Look for the next report on or around Jul. 30.
Nintendo earns the No. 1 rank among its peers in the Computer Software-Gaming industry group. and Take-Two Interactive Software are also among the group's highest-rated stocks.