The Relative Strength (RS) Rating for Life360 entered a new percentile Friday, with an increase from 79 to 85.
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IBD's proprietary rating tracks price performance with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history reveals that the best-performing stocks typically have an RS Rating of over 80 in the early stages of their moves.
While Life360 is not near a proper buy zone right now, see if it is able to form and break out of a proper base.
The company showed 0% EPS growth last quarter. Revenue rose 33%. Keep an eye out for the company's next round of numbers on or around May 13.
The company holds the No. 1 rank among its peers in the Computer Software-Desktop industry group. Microsoft and Adobe are also among the group's highest-rated stocks.
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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