On Monday, Hasbro got a positive adjustment to its Relative Strength (RS) Rating, from 62 to 75.
IBD's unique rating measures share price action with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners typically have an RS Rating of at least 80 in the early stages of their moves. See if Hasbro can continue to show renewed price strength and clear that threshold.
How To Invest In Stocks In Both Bull And Bear Markets
Hasbro is building a cup with handle with a 66.38 entry. See if it can clear the breakout price in heavy trading.
While the company's top line growth fell last quarter from -23% to -24%, the bottom line grew 6,000%, up from -71% in the previous report. The next quarterly numbers are expected on or around Jul. 23.
The company holds the No. 2 rank among its peers in the Leisure-Toys/Games/Hobby industry group. Funko Cl A is the No. 1-ranked stock within the group.
RELATED:
Which Stocks Are Showing Rising Relative Strength?
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
