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Draftkings Clears Key Benchmark, Hitting 80-Plus RS Rating

Draftkings Inc (DKNG) saw a welcome improvement to its Relative Strength (RS) Rating on Tuesday, with an upgrade from 79 to 82.




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When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

This proprietary rating measures technical performance by showing how a stock’s price movement over the last 52 weeks measures up against that of the other stocks in our database.

Decades of market research shows that the best-performing stocks tend to have an RS Rating north of 80 as they launch their biggest price moves.


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Draftkings stock is building a cup without handle with a 74.48 entry. See if it can break out in volume at least 40% above average. Keep in mind that it’s a later-stage consolidation, and those are riskier than earlier-stage patterns.

Top and bottom line growth moved higher in the company’s most recent quarter. Earnings were up 57%, compared to 0% in the prior report. Revenue increased from 253% to 320%.

The company earns the No. 15 rank among its peers in the Leisure-Gaming/Equipment industry group. Monarch Casino & Resort (MCRI) and Red Rock Resorts (RRR) are also among the group’s highest-rated stocks.

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