In a welcome move, InMode saw its Relative Strength Rating rise from 64 to 78 on Friday.
This exclusive rating from Investor's Business Daily tracks price action with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database.
Decades of market research reveals that the best-performing stocks typically have an 80 or better RS Rating as they begin their biggest climbs. See if InMode can continue to rebound and hit that benchmark.
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InMode is working on a cup with handle with a 19.43 buy point. See if it can clear the breakout price in heavy trade.
The company reported negative growth for both sales and earnings last quarter.
The company earns the No. 9 rank among its peers in the Medical-Systems/Equipment industry group. Intuitive Surgical, Masimo and iRadimed 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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