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The Relative Strength (RS) Rating for Allegion (ALLE) moved into a new percentile Wednesday, as it got a lift from 68 to 74. IBD's unique RS Rating identifies technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the last 52 weeks matched up against all other stocks. Decades of market research reveals that the best-performing stocks typically have an RS Rating north of 80 as they begin their largest climbs. See if Allegion can continue to show renewed price strength and clear that threshold. Allegion is now considered extended and out of buy range after clearing a 145.94 buy point in a first-stage cup with handle. 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 line. Earnings grew 6% last quarter, up from 4% in the prior report. Revenue also increased, from 6% to 11%. Allegion holds the No. 10 rank among its peers in the Security/Safety industry group. Federal Signal (FSS), Resideo Technologies (REZI) and APi Group (APG) are among the top 5 highly rated stocks within the group. 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.
