The Relative Strength (RS) Rating for Arlo Technologies moved up into a higher percentile Tuesday, as it got a lift from 68 to 77.
IBD's unique rating measures share price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners often have an RS Rating of at least 80 as they begin their biggest runs. See if Arlo Technologies can continue to show renewed price strength and clear that threshold.
Can You Really Time The Stock Market?
Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock manages to offer and clear a proper buy point.
The company reported 22% earnings growth last quarter, while sales growth came in at 6%.
Arlo Technologies holds the No. 8 rank among its peers in the Security/Safety industry group. Axon Enterprise, Federal Signal and Resideo Technologies are among the top 5 highly rated stocks within the group.
RELATED:
IBD Stock Rating Upgrades: Rising Relative Strength
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
