One important metric to look for in a stock is an 80 or higher Relative Strength Rating. AppFolio just hit that mark, with a jump from 69 to 85 Monday.
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This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The score 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 shows that the market's biggest winners often have an RS Rating of at least 80 in the early stages of their moves.
AppFolio is building a consolidation with a 274.56 entry. See if the stock can break out in volume at least 40% above average.
Earnings growth increased in the company's most recent report from 5% to 15%, but sales fell from 19% to 16%. The company is expected to report its latest numbers on or around Jul. 31.
The company holds the No. 4 rank among its peers in the Computer Software-Special Enterprise industry group. AppLovin is the No. 1-ranked stock 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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