In a welcome move, Alarm.Com Holdings stock saw its Relative Strength Rating improve from 62 to 72 on Wednesday.
IBD's proprietary RS Rating tracks market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the last 52 weeks compares to the rest of the market.
Over 100 years of market history reveals that the top-performing stocks typically have an 80 or higher RS Rating as they begin their biggest price moves. See if Alarm.Com Holdings stock an continue to rebound and hit that benchmark.
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Is Alarm.Com Holdings Stock A Buy?
Alarm.Com Holdings stock is trying to complete a cup without handle with a 77.29 buy point. See if the stock can clear the breakout price in volume at least 40% higher than normal.
Earnings growth moved up last quarter from 17% to 22%, but revenue fell from 9% to 6%. Keep an eye out for the company's next round of numbers on or around Aug. 7.
Alarm.Com Holdings stock holds the No. 7 rank among its peers in the Security/Safety industry group. NAPCO Security Techs, Arlo Technologies and Axon Enterprise are among the top 5 highly rated stocks within the group.
