One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Take-Two Interactive cleared that benchmark Wednesday, with a jump from 80 to 84 Wednesday.
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This unique rating identifies market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the trailing 52 weeks matches up against that of all other stocks.
Over 100 years of market history shows that the top-performing stocks tend to have an 80 or better RS Rating as they begin their biggest price moves.
Take-Two Interactive is building a flat base with a 245.07 buy point. See if the stock can break out in volume at least 40% higher than normal.
Earnings growth rose last quarter from 286% to 1,140%. But revenue gains fell from 13% to 12%.
The company holds the No. 2 rank among its peers in the Computer Software-Gaming industry group. NetEase ADR is the top-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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