Playtika Holding stock saw a welcome improvement to its Relative Strength (RS) Rating on Wednesday, rising from 69 to 74.
When looking for the best stocks to buy and watch, keep a close on eye on relative price strength.
IBD's unique RS Rating measures technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the trailing 52 weeks compares to other publicly traded companies.
History reveals that the best stocks typically have an RS Rating of above 80 in the early stages of their moves. See if Playtika Holding stock can continue to show renewed price strength and clear that threshold.
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Is Playtika Stock A Buy?
Playtika Holding stock is working on a cup with handle with a 12.01 entry. See if it can break out in volume at least 40% higher than normal.
In terms of fundamentals, the gaming company has posted rising EPS growth over the last three quarters. Revenue gains have been a different story, coming in at -3% last quarter. Playtika Holding is expected to report its next quarterly numbers on or around Aug. 3.
Playtika Holding stock earns the No. 9 rank among its peers in the Computer Software-Gaming industry group. SciPlay and NeoGames are also among the group's highest-rated stocks.
