IBD Rating Upgrades: GameStop Cl A Flashes Improved Technical Strength

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GameStop Cl A (GME) saw a welcome improvement to its Relative Strength (RS) Rating on Thursday, with an increase from 66 to 76.

History reveals that the top-performing stocks tend to have an RS Rating north of 80 in the early stages of their moves. See if GameStop Cl A can continue to show renewed price strength and clear that threshold.

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 zone. 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.

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Posted: 3 months ago
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External URL: investors.com/ibd-data-s...