International Game Technology stock had its Relative Strength (RS) Rating upgraded from 63 to 78 Friday -- a welcome improvement, but still short of the 80 or better score you prefer to see.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This exclusive rating from Investor's Business Daily identifies price movement with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the trailing 52 weeks compares to 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 80 or better RS Rating in the early stages of their moves. See if International Game Technology stock can continue to show renewed price strength and hit that benchmark.
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Is International Gaming Technology Stock A Buy?
International Gaming Technology stock is trying to reclaim its 200-day moving average. While the gaming stock is not near a proper buying range right now, see if it goes on to form and break out of a proper chart pattern. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
Earnings growth increased last quarter from -21% to 21%. But revenue gains fell from 3% to 0%.
International Gaming Technology stock earns the No. 8 rank among its peers in the Leisure-Gaming/Equipment industry group. Churchill Downs and Light & Wonder are also among the group's highest-rated stocks.
