The Relative Strength (RS) Rating for Gamestop Corp jumped into a higher percentile Thursday, as it got a lift from 65 to 71.
When looking for the best stocks to buy and watch, be sure to pay attention to relative price strength.
IBD's proprietary RS Rating identifies market leadership by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
History shows that the best-performing stocks tend to have an RS Rating of over 80 as they begin their largest runs. See if Gamestop Corp can continue to rebound and clear that threshold.
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Gamestop Corp has moved up 4 days straight, but on lesser volume. Look for the stock to create a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week moving average. Better yet, watch for a more traditional pattern, such as a cup-with-handle, considering current market conditions.
While earnings-per-share growth fell in the prior quarter from 0% to -362%, sales grew 8%, up from 6% in the prior report.
The company earns the No. 2 rank among its peers in the Retail-Consumer Electronics industry group.
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