Allegion stock had its Relative Strength (RS) Rating upgraded from 65 to 72 Wednesday — a welcome improvement, but still short of the 80 or better score you look for.
How To Invest In Stocks In Both Bull And Bear Markets
This exclusive rating from Investor's Business Daily measures share price movement with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the trailing 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 of above 80 in the early stages of their moves. See if Allegion stock can continue to show renewed price strength and hit that benchmark.
Is Allegion Stock A Buy?
Allegion stock is working on a cup with handle with a 145.94 buy point. See if it can break out in volume at least 40% higher than normal. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The security products and solutions company showed 20% earnings growth in the latest quarterly report. Revenue increased 5%.
Allegion stock earns the No. 11 rank among its peers in the Security/Safety industry group. Axon Enterprise, Byrna Technologies and APi Group are among the top 5 highly rated stocks within the group.
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