The Relative Strength (RS) Rating for Resideo Technologies moved into a higher percentile Tuesday, as it got a lift from 66 to 75.
When To Sell Stocks To Lock In Profits And Minimize Losses
IBD's proprietary RS Rating tracks market leadership by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
History reveals that the best stocks often have an 80 or higher RS Rating as they launch their largest price moves. See if Resideo Technologies can continue to show renewed price strength and clear that threshold.
Resideo Technologies is not currently near a potential buying area. See if the stock goes on to form a promising consolidation that could launch a new move.
While revenue growth fell last quarter from 21% to 19%, earnings-per-share grew 34%, up from -8% in the previous report.
The company holds the No. 9 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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