On Thursday, GameStop Cl A got an upgrade to its Relative Strength (RS) Rating, from 80 to 84.
This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
History reveals that the stocks that go on to make the biggest gains often have an RS Rating of above 80 in the early stages of their moves.
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GameStop Cl A is now considered extended and out of buy range after clearing an 18.59 buy point in a first-stage cup without handle. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 500%, compared to 0% in the prior report. Revenue increased from -31% to -20%. The next quarterly numbers are expected on or around Mar. 25.
GameStop Cl A earns the No. 2 rank among its peers in the Retail-Consumer Electronics industry group. GameStop Cl A is the No. 1-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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