The Relative Strength (RS) Rating for MGM Resorts Intl stock moved into a new percentile Monday, as it got a lift from 69 to 78.
When you're researching the best stocks to buy and watch, keep a close on eye on relative price strength.
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 matched up against all other stocks.
Decades of market research reveals that the best stocks often have an RS Rating of at least 80 as they begin their biggest climbs. See if MGM Resorts Intl stock can continue to show renewed price strength and hit that benchmark.
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Is MGM Resorts Intl Stock A Buy?
MGM Resorts Intl stock had a failed breakout from a cup-with-handle base back in late April/early May. While the casino operator stock is not near a proper entry right now, see if it goes on to form and break out from a proper base. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
Top and bottom line growth moved higher last quarter. Earnings were up 4,300%, compared to 0% in the prior report. Revenue increased from 18% to 36%.
MGM Resorts Intl stock holds the No. 17 rank among its peers in the Leisure-Gaming/Equipment industry group. Boyd Gaming and Las Vegas Sands are also among the group's highest-rated stocks.
