On Monday, Life360 reached an important technical milestone, seeing its Relative Strength (RS) Rating jump into the 90-plus percentile with an improvement to 92, up from 89 the day before.
This proprietary rating tracks technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the last 52 weeks matches up against other publicly traded companies.
Decades of market research shows that the market's biggest winners often have an 80 or better RS Rating at the beginning of a new price run.
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Life360 is working on a consolidation with a 52.77 buy point. See if it can clear the breakout price in heavy trade.
The company showed 0% earnings growth in the latest quarterly report, while sales growth came in at 33%.
Life360 earns the No. 1 rank among its peers in the Computer Software-Desktop industry group. Microsoft and Adobe are also among the group's highest-rated stocks.
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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