In a welcome move, AppFolio saw its Relative Strength Rating rise from 66 to 71 on Thursday.
How To Invest In Stocks In Both Bull And Bear Markets
IBD's unique rating identifies price performance 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.
History shows that the top-performing stocks typically have an RS Rating north of 80 as they begin their biggest climbs. See if AppFolio can continue to show renewed price strength and hit that benchmark.
AppFolio is working on a consolidation with a 274.56 buy point. See if the stock can clear the breakout price in volume at least 40% higher than normal.
Earnings growth increased last quarter from 5% to 15%. But revenue gains fell from 19% to 16%. The company is expected to report its latest numbers on or around Jul. 31.
The company earns the No. 4 rank among its peers in the Computer Software-Special Enterprise industry group. AppLovin is the top-ranked stock 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.
RELATED:
Which Stocks Are Showing Rising Relative Strength?
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!
