The Relative Strength (RS) Rating for GameStop stock moved into a higher percentile Monday, as it got a lift from 69 to 79.
As you try to find the best stocks to buy and watch, be sure to pay attention to relative price strength.
This unique rating identifies technical performance by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
History reveals that the best stocks tend to have an 80 or better RS Rating in the early stages of their moves. See if Gamestop Corp can continue to rebound and clear that threshold.
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Is GameStop Stock A Buy?
The former meme GameStop stock has been trading in a cup-shaped consolidation. The gaming retailer stock is trading just under its 200-day moving line and is considered out of buy range. See if the stock forms a new chart pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The gaming retailer reported -238% EPS growth in the latest quarterly report, while sales growth came in at 6%.
GameStop stock earns the No. 2 rank among its peers in the Retail-Consumer Electronics industry group. GameStop and Conns are also among the group's highest-rated stocks.
