AppFolio had its Relative Strength (RS) Rating upgraded from 80 to 86 Wednesday.
IBD's unique RS Rating tracks market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of other stocks on the major indexes.
Over 100 years of market history shows that the stocks that go on to make the biggest gains tend to have an RS Rating of at least 80 as they launch their biggest runs.
Looking For The Best Stocks To Buy And Watch? Start Here
AppFolio is trying to complete a consolidation with a 274.56 buy point. See if the stock can break out in heavy trading.
The company reported 117% earnings growth in its most recent report. Revenue increased 24%.
AppFolio holds the No. 1 rank among its peers in the Computer Software-Special Enterprise industry group. AppFolio and Descartes Systems Group are also among the group's highest-rated stocks.
RELATED:
Stocks With Rising Relative Strength Ratings
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
