The Relative Strength (RS) Rating for Resideo Technologies entered a higher percentile Thursday, as it got a lift from 67 to 75.
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 behavior over the last 52 weeks compares to all the other stocks in our database.
History reveals that the best stocks often have an RS Rating of above 80 in the early stages of their moves. See if Resideo Technologies can continue to show renewed price strength and clear that threshold.
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Resideo Technologies is within a buy range after breaking past a 21.81 buy point in a cup with handle. Once a stock moves 5% or higher beyond the original entry, it's considered out of a proper buy zone.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -8% to 29%. Revenue rose from -4% to -1%. The next quarterly numbers are expected on or around Nov. 7.
The company holds the No. 14 rank among its peers in the Security/Safety industry group. Clear Secure, Axon Enterprise and Byrna Technologies are among the top 5 highly rated stocks within the group.
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