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Snap One Holdings Stock Shows Market Leadership With Jump To 92 RS Rating

On Friday, Snap One Holdings (SNPO) stock earned a positive adjustment to its Relative Strength (RS) Rating, from 89 to 92. The security stock debut on July 28.

When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength. IBD’s proprietary RS Rating tracks market leadership by showing how a stock’s price movement over the last 52 weeks measures up against that of the other stocks in our database.

Over 100 years of market history reveals that the best stocks tend to have an 80 or better RS Rating as they launch their biggest runs.


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Is Snap One Holdings Stock A Buy?

Snap One Holding  stock cleared a short tight consolidation on Aug. 24 and continued to move higher. While the stock is not near an ideal entry right now, see if it manages to form and break out from a proper base. 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.”

 

 

Snap One In Steady Growth Mode

Top and bottom line growth moved higher in the security company’s most recent quarter. Earnings were up 80%, compared to 0% in the prior report. Revenue increased from 28% to 34%.

Snap One Holdings stock earns the No. 4 rank among its peers in the Security/Safety industry group. Axon Enterprise (AXON) and Brinks (BCO) are among the top 5 highly rated stocks within the group.

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