One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Lemonade now clears that threshold, with a jump from 72 to 87 Tuesday.
When looking for the best stocks to buy and watch, keep a close on eye on relative price strength.
IBD's unique rating identifies price movement with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database.
Decades of market research reveals that the best-performing stocks typically have an 80 or better RS Rating as they launch their biggest climbs.
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The IBD 50 stock is building a cup without handle with a 20.59 entry. After yesterday's big move, today it cleared the breakout price in heavy trade. One warning sign is earnings, which was scheduled for Feb. 27, but seems to have changed - see note below.
LMND Earnings
The company reported 0% EPS growth last quarter, while sales growth came in at 55%. Keep an eye out for the company's next round of numbers on or around Feb. 27. Company website now indicates 8:00 am tomorrow, Feb. 28.
The company holds the No. 31 rank among its peers in the Insurance-Property/Casualty/Title industry group. Greenlight Cap Re Cl A and Mercury General are also among the group's highest-rated stocks.
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