AppFolio had its Relative Strength (RS) Rating upgraded from 80 to 83 Friday.
IBD's unique RS Rating tracks technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the trailing 52 weeks matches up against the rest of the market.
Decades of market research reveals that the best stocks often have an RS Rating north of 80 in the early stages of their moves.
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AppFolio is working on a consolidation with a 274.56 entry. See if the stock can clear the breakout price in volume at least 40% higher than normal.
AppFolio posted 117% earnings growth in its most recent report, while sales growth came in at 24%.
The company holds the No. 1 rank among its peers in the Computer Software-Special Enterprise industry group. AppFolio and Cellebrite DI are also among the group's highest-rated stocks.
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