The Relative Strength (RS) Rating for Scientific Games stock entered a new percentile Wednesday, with a rise from 67 to 81.
When looking for the best stocks to buy and watch, keep a close on eye on relative price strength.
This exclusive rating from Investor's Business Daily tracks share price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 in the early stages of their moves.
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Is Scientific Games Stock A Buy?
Scientific Games stock is currently trading under its 200-day moving average and not currently offering a proper buying opportunity. See if the stock goes on to build a sound pattern that could launch a new move. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips. Also, check out "Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks."
Earnings growth rose last quarter from 0% to 147%. But revenue gains fell from 31% to 25%. Keep an eye out for the company's next round of numbers on or around Mar. 1.
The gaming firm holds the No. 10 rank among its peers in the Leisure-Gaming/Equipment industry group. Boyd Gaming and Golden Entertainment are also among the group's highest-rated stocks.
