Gamestop Corp ( GME ) entered a new percentile group on Tuesday, rising from 74 to 81 RS.
When you’re planning to invest in a company’s stock, you should pay close attention to a metric like RS.
The Relative Strength (RS) is a rating of stock price movements (increases/decreases) relative to the stock price movements of other companies. And it is calculated from 1 to 99.
When a company’s stock shows a result of 80+ at the beginning of its existence, according to observations of experts, such stocks bring good profits in the long run.
A month ago, GME had already reached the 80 RS mark, but then a drop to 74 followed. It’s worth being careful about buying stocks. But so far, GameStop looks promising.
The company’s revenue is up from 6% to 8%, but earnings are still negative.
It is worth taking a closer look at this stock.
Also, let’s not forget that even in the bear market Gamestop NFT showed significant growth compared to the rest of the marketplaces.