One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Allegion just hit that mark, with a jump from 79 to 83 Monday.
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IBD's unique rating measures market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners tend to have an 80 or higher RS Rating as they launch their biggest runs.
Allegion is trying to complete a cup without handle with a 156.10 entry. See if the stock can break out in heavy trading.
Allegion reported 20% EPS growth in its most recent report, while sales growth came in at 5%.
The company earns the No. 8 rank among its peers in the Security/Safety industry group. Axon Enterprise, APi Group and Byrna Technologies 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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