In a welcome move, Arlo Technologies saw its Relative Strength Rating improve from 67 to 73 on Thursday.
IBD's proprietary RS Rating measures technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the trailing 52 weeks compares to other publicly traded companies.
History shows that the stocks that go on to make the biggest gains often have an RS Rating of over 80 in the early stages of their moves. See if Arlo Technologies can continue to show renewed price strength and hit that benchmark.
How To Invest In Stocks In Both Bull And Bear Markets
While Arlo Technologies is not near an ideal buying range right now, see if it goes on to form and break out of a proper consolidation.
The company posted 22% earnings growth in its most recent report. Sales gains came in at 6%.
Arlo Technologies holds the No. 11 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:
Stocks With Rising Relative Strength Ratings
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!
