Lemonade Stock Sees RS Rating Jump to 89

On Wednesday, Lemonade (LMND) stock reached an important technical benchmark, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 89, up from 75 the day before.

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This unique rating measures 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.

Over 100 years of market history reveals that the top-performing stocks tend to have an RS Rating north of 80 as they begin their biggest climbs.

Is Lemonade Stock A Buy?

Lemonade stock recently reclaimed its 200-day moving average, but is still slightly under 50-day line. While it’s not currently in a proper buying range, look for the stock to offer a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week line.

The property and casualty insurer showed 0% earnings growth last quarter. Revenue gains came in at 53%.

Lemonade stock earns the No. 32 rank among its peers in the Insurance-Property/Casualty/Title industry group. RenaissanceRe Hldgs (RNR), Universal Insurance (UVE) and Travelers (TRV) 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.

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