On Friday, Lemonade received an upgrade to its Relative Strength (RS) Rating, from 82 to 93.
This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks compares to all the other stocks in our database.
Over 100 years of market history shows that the best stocks often have an RS Rating north of 80 as they begin their largest price moves.
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While it's not currently an ideal time to jump in, see if the stock is able to establish and enter a buying range in heavy volume.
The company showed 0% EPS growth in its most recent report, while sales growth came in at 19%.
The company holds the No. 35 rank among its peers in the Insurance-Property/Casualty/Title industry group. HCI Group, Mercury General and Goosehead Insurance Cl A are among the top 5 highly rated stocks within the group.
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