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Lemonade Stock Shows Rising Relative Strength; Still Shy Of Key Benchmark

Lemonade (LMND) had its Relative Strength (RS) Rating upgraded from 70 to 79 Thursday — a welcome improvement, but still shy of the 80 or better score you look for. The insurance tech firm debut on Jul. 2 last year.

When you’re researching the best stocks to buy and watch, be sure to pay attention to relative price strength.

IBD’s proprietary RS Rating tracks technical performance by showing how a stock’s price movement over the last 52 weeks compares to that of the other stocks in our database.

History shows that the top-performing stocks tend to have an 80 or higher RS Rating as they launch their biggest price moves. See if Lemonade can continue to rebound and clear that threshold.


See How IBD Helps You Make More Money In Stocks


Lemonade stock is working on the right side of a V-shaped consolidation. While Lemonade stock is not near a proper entry right now, see if it is able to form and break out from a proper chart pattern. Read “Looking For The Next Big Stock Market Winners? Start With These 3 Steps” for more tips. Also, check out “Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks.”

 

While the insurer’s bottom line growth dropped in the company’s most recently reported quarter from 0% to -24%, sales rose -10%, up from -13% in the prior report.

Lemonade stock earns the No. 51 rank among its peers in the Insurance-Property/Casualty/Title industry group. American Financial (AFG) and Fidelity National Finl (FNF) are also among the group’s highest-rated stocks.

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