On Friday, Arlo Technologies received a positive adjustment to its Relative Strength (RS) Rating, from 87 to 92.
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This unique rating tracks technical performance by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
History reveals that the stocks that go on to make the biggest gains often have an 80 or higher RS Rating as they launch their largest price moves.
Arlo Technologies is now considered extended and out of buy range after clearing a 13.93 buy point in a first-stage cup with handle. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -9% to 67%. Revenue rose from -10% to -4%.
The company earns the No. 8 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.
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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