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 market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock’s price performance over the last 52 weeks stacks up against all the other stocks in our database.
Decades of market research shows that the best-performing stocks typically have an RS Rating north of 80 as they begin their biggest runs. See if Penn National Gaming can continue to rebound and clear that threshold.
Penn National Gaming stock is now considered extended and out of buy range after clearing a 76.72 buy point in a second-stage consolidation. See if the stock forms a new chart pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average. Read “Looking For The Next Big Stock Market Winners? Start With These 3 Steps” for more tips.
Top and bottom line growth moved higher last quarter. Earnings were up 110%, compared to 0% in the prior report. Revenue increased from -23% to 14%.
The gaming stock earns the No. 14 rank among its peers in the Leisure-Gaming/Equipment industry group. Monarch Casino & Resort (MCRI) and Century Casinos (CNTY) are also among the group’s highest-rated stocks.
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