Allegion saw a positive improvement to its Relative Strength (RS) Rating on Thursday, rising from 78 to 82.
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This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the trailing 52 weeks holds up against all the other stocks in our database.
History reveals that the top-performing stocks tend to have an RS Rating of at least 80 as they launch their biggest price moves.
Allegion is trying to complete a cup without handle with a 156.10 buy point. See if the stock can break out in volume at least 40% higher than normal.
The company reported 20% earnings growth in its most recent report, while sales growth came in at 5%.
The company earns the No. 6 rank among its peers in the Security/Safety industry group. Axon Enterprise, Ituran Location & Ctrl and Byrna Technologies are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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