Best Buy saw a welcome improvement to its Relative Strength (RS) Rating on Tuesday, with an increase from 69 to 72.
This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks compares to all the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners tend to have an RS Rating of over 80 as they launch their largest climbs. See if Best Buy can continue to rebound and clear that threshold.
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Best Buy is working on a consolidation with a 103.71 buy point. See if the stock can clear the breakout price in volume at least 40% higher than normal.
The company reported negative growth for both sales and earnings last quarter. The company is expected to report its next quarterly numbers on or around Mar. 4.
The company earns the No. 3 rank among its peers in the Retail-Consumer Electronics industry group. GameStop Cl A is the No. 1-ranked stock within the group.
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