In a welcome move, Lemonade stock saw its Relative Strength Rating improve from 64 to 74 on Friday.
When looking for the best stocks to buy and watch, be sure to pay attention to relative price strength.
IBD's proprietary RS Rating measures market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Decades of market research shows that the best stocks typically have an RS Rating north of 80 as they launch their largest climbs. See if Lemonade stock can continue to rebound and clear that threshold.
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Is Lemonade Stock A Buy?
Lemonade stock has been building the right side of a consolidation. While the insurance stock is not near an ideal entry right now, see if it goes on to form and break out of a proper consolidation. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The digital insurance company powered by AI showed 0% EPS growth in the latest quarterly report. Revenue gains came in at 55%.
Lemonade stock earns the No. 38 rank among its peers in the Insurance-Property/Casualty/Title industry group. Everest Group and Greenlight Cap Re Cl A are also among the group's highest-rated stocks.
