Applovin Shows Market Leadership With Jump To 86 RS Rating

The Relative Strength (RS) Rating for Applovin (APP) entered a new percentile Thursday, with an increase from 80 to 86.


When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

This unique rating tracks technical performance by showing how a stock’s price action over the last 52 weeks measures up against that of other stocks on the major indexes.

History shows that the best-performing stocks tend to have an RS Rating north of 80 as they launch their biggest runs.

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Applovin is now considered extended and out of buy range after clearing a 71.61 buy point in a first-stage ipo base. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.

EPS growth decreased last quarter from 0% to -400%, but the top line rose from 83% to 132%.

Applovin earns the No. 18 rank among its peers in the Computer Software-Special Enterprise industry group. Mitek System (MITK) and Hubspot (HUBS) are also among the group’s highest-rated stocks.

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