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Streaming Service FuboTV Stock Reaches 80-Plus Relative Strength Rating Benchmark

On Monday, FuboTV (FUBO) reached an important performance benchmark, with its Relative Strength (RS) Rating entering into the 80-plus percentile with an improvement to 86, up from 78 the day before. The TV streaming service debut back in October last year.

As you try to find the best stocks to buy and watch, keep a close on eye on relative price strength.

IBD’s unique rating tracks price movement with a 1 (worst) to 99 (best) score. The score shows how a stock’s price behavior over the trailing 52 weeks holds up against all the other stocks in our database.

History shows that the market’s biggest winners typically have an 80 or better RS Rating in the early stages of their moves.


Looking For Winning Stocks? Try This Simple Routine


Is FuboTV Stock A Buy?

FuboTV stock ran up to a 52-week high of 62.29 back in December. Since then, it has pulled back into a deep consolidation and is not currently showing a potential buy point. See if the stock goes on to form a promising consolidation that could kick off a new climb. Read “Looking For The Next Big Stock Market Winners? Start With These 3 Steps” for more tips.

 

Earnings growth decreased in the company’s most recent report from 0% to -796%, but sales rose from -100% to 950%.

The company holds the No. 15 rank among its peers in the Leisure-Movies & Related industry group. Netflix (NFLX) and Lions Gate Entertainment (LGFA) are also among the group’s highest-rated stocks.

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