MGM Resorts Intl stock saw a positive improvement to its Relative Strength (RS) Rating on Friday, with an upgrade from 78 to 82.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This unique rating identifies market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the trailing 52 weeks matches up against the rest of the market.
Over 100 years of market history shows that the best-performing stocks tend to have an RS Rating of over 80 in the early stages of their moves.
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Is MGM Resorts Stock A Buy?
While MGM Resorts stock is not near a proper buying range right now, see if it goes on to form and break out of a proper consolidation. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The casino operator reported 0% EPS growth in its most recent report, while sales growth came in at 26%.
MGM Resorts Intl stock holds the No. 13 rank among its peers in the Leisure-Gaming/Equipment industry group. Churchill Downs and Intl Game Technology are also among the group's highest-rated stocks.
