One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Sonos cleared that benchmark Tuesday, with a jump from 69 to 82 Tuesday.
Risk Management In The Stock Market: How Much Money To Invest Now
This exclusive rating from Investor's Business Daily measures share price movement with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the last 52 weeks stacks up against all the other stocks in our database.
Decades of market research shows that the best-performing stocks often have an 80 or better RS Rating in the early stages of their moves.
Sonos is not currently near a potential buy zone. See if the stock goes on to build a promising consolidation that could ignite a new run.
The company posted negative growth for both the top and bottom lines last quarter.
The company holds the No. 8 rank among its peers in the Consumer Products-Electronics industry group. Garmin, Turtle Beach and Zepp Health ADR 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.
RELATED:
IBD Stock Rating Upgrades: Rising Relative Strength
