On Monday, Resideo Technologies received a positive adjustment to its Relative Strength (RS) Rating, from 73 to 85.
This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the last 52 weeks compares to all the other stocks in our database.
Over 100 years of market history shows that the best stocks often have an 80 or higher RS Rating in the early stages of their moves.
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Resideo Technologies has moved more than 5% past a 21.81 entry in a first-stage cup with handle, meaning it's now out of a proper buy range. Look for the stock to offer a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week moving average.
While the company's bottom line growth fell in the company's most recently reported quarter from 29% to 5%, revenue rose 18%, up from -1% in the previous report.
Resideo Technologies holds the No. 5 rank among its peers in the Security/Safety industry group. Axon Enterprise is the No. 1-ranked stock within the group.
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