Stocks Showing Rising Market Leadership: Caesars Entertainment Earns 84 RS Rating

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On Friday, Caesars Entertainment ( CZR ) hit a key performance benchmark, seeing its Relative Strength ( RS ) Rating jump into the 80-plus percentile with an improvement to 84, up from 80 the day before.

[ibd-display-video id=2368044 width=50 float=left autostart=true] IBD's unique rating measures market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the trailing 52 weeks holds up against all the other stocks in our database.

History shows that the stocks that go on to make the biggest gains tend to have an RS Rating of above 80 in the early stages of their moves.

See How IBD Helps You Make More Money In Stocks

Caesars Entertainment is trading within a buy zone after clearing a 13.65 entry in a cup without handle . The proper buying range is up to 5% above the initial entry. Once a stock moves above that range, it's best to wait for it to set up another buying opportunity.

In terms of top and bottom line numbers, the company has posted rising EPS growth over the last five quarters. Top line growth has been less impressive, coming in at 0% in the latest report. The company is expected to report its next quarterly numbers on or around Feb. 14.

Caesars Entertainment holds the No. 17 rank among its peers in the Leisure-Gaming/Equipment industry group. Boyd Gaming ( BYD ), Monarch Casino & Resort ( MCRI ) and Wynn Resorts ( WYNN ) are among the top 5 highly rated stocks within the group.


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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Stocks
Referenced Symbols: CZR , RS , BYD , MCRI , WYNN

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