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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.




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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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