GameStop Cl A saw a positive improvement to its Relative Strength (RS) Rating on Friday, rising from 89 to 94.
IBD's proprietary RS Rating identifies technical performance by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history reveals that the best-performing stocks tend to have an RS Rating north of 80 at the beginning of a new climb.
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GameStop Cl A has climbed more than 5% past an 18.59 entry in a first-stage cup without handle, meaning it's now out of a proper buy range. Look for the stock to offer a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week line.
GameStop Cl A reported 0% EPS growth last quarter, while sales growth came in at -31%. Look for the next report on or around Dec. 4.
GameStop Cl A earns the No. 3 rank among its peers in the Retail-Consumer Electronics industry group. Best Buy is the top-ranked stock within the group.
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