Applovin Stock Showing Market Leadership, Earning 87 RS Rating

On Friday, Applovin (APP) reached a key performance benchmark, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 87, up from 78 the day before.


When you’re researching the best stocks to buy and watch, keep a close on eye on relative price strength.

IBD’s unique rating tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock’s price performance over the last 52 weeks stacks up against all the other stocks in our database.

History reveals that the stocks that go on to make the biggest gains typically have an 80 or better RS Rating in the early stages of their moves.

Looking For The Best Stocks To Buy And Watch? Start Here

While Applovin stock is not currently in an ideal time to buy shares, it currently is falling back into the buy range from a recent cup with handle pattern. Stocks often fall back after a big breakout, so one to keep an eye on as the market finds a direction.

Earnings growth increased last quarter from 0% to 166%. But sales fell from 132% to 123%. The next quarterly results are expected on or around Oct. 28.

Applovin stock holds the No. 12 rank among its peers in the Computer Software-Special Enterprise industry group. Descartes Systems (DSGX) and Hubspot (HUBS) are also among the group’s highest-rated stocks.


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