The Relative Strength (RS) Rating for Corsair Gaming stock moved into a higher percentile Monday, as it got a lift from 61 to 77.
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 tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the trailing 52 weeks holds up against all the other stocks in our database.
Decades of market research shows that the top-performing stocks tend to have an RS Rating of at least 80 as they launch their biggest climbs. See if Corsair Gaming can continue to rebound and clear that threshold.
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Is Corsair Gaming Stock A Buy?
Corsair Gaming stock broke out earlier, but is now around 5% below the prior 18.14 entry from a cup without handle. If a stock you're tracking clears a buy point then declines 7% or more below the original entry price, it's considered a failed base. It's best to wait for the stock to form a new consolidation and breakout. Also keep in mind that the latest pattern is a later-stage base, and those involve more risk.
Earnings-per-share growth declined in the company's most recent report from 0% to -50%, but revenue rose from -40% to -20%.
Corsair Gaming stock earns the No. 5 rank among its peers in the Computer-Hardware/Peripherals industry group. Logitech International and Dell Techs Cl C are also among the group's highest-rated stocks.
