Lemonade had its Relative Strength (RS) Rating upgraded from 88 to 94 Thursday.
When looking for the best stocks to buy and watch, keep a close on eye on relative price strength. IBD's unique rating identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the trailing 52 weeks compares to all the other stocks in our database.
History reveals that the best stocks often have an RS Rating of at least 80 as they launch their biggest price moves.
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It just had three up days, while today it seems to be following the market direction. Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock is able to form a base and break out.
The company posted 0% EPS growth last quarter. Revenue rose 115%. Look for the next report on or around Aug. 2.
Lemonade holds the No. 17 rank among its peers in the Insurance-Property/Casualty/Title industry group. Arch Capital Group, Kinsale Capital Group and Goosehead Insurance Cl A are among the top 5 highly rated stocks within the group.
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