Allegion had its Relative Strength (RS) Rating upgraded from 68 to 76 Friday — a welcome improvement, but still shy of the 80 or better score you prefer to see.
Can You Really Time The Stock Market?
This exclusive rating from Investor's Business Daily identifies share price action with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the last 52 weeks holds up against all the other stocks in our database.
History reveals that the market's biggest winners typically have an RS Rating north of 80 as they launch their largest runs. See if Allegion can continue to show renewed price strength and clear that threshold.
Allegion is now considered extended and out of buy range after clearing a 145.94 buy point in a first-stage cup with handle. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Allegion posted 20% earnings growth in its most recent report. Sales increased 5%. Keep an eye out for the company's next round of numbers on or around Jul. 24.
Allegion holds the No. 7 rank among its peers in the Security/Safety industry group. Axon Enterprise, APi Group and Resideo 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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