Looking for a small-cap stock with good potential? Tech company InMode may fill that order. On Monday the Relative Strength (RS) Rating for InMode stock earned an upgrade to 75, up from 61 last week.
When looking for the best stocks to buy and watch, keep a close on eye on relative price strength.
Decades of market research reveals that the top-performing stocks tend to have an 80 or better RS Rating in the early stages of their moves. See if InMode can continue to show renewed price strength and hit that benchmark.
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While InMode is not near a proper buy zone right now, see if it manages to form and break out of a proper consolidation.
While revenue growth fell last quarter from 30% to 29%, the bottom line grew 20%, up from 16% in the prior report. The next quarterly results are expected on or around Feb. 14.
The company earns the No. 4 rank among its peers in the Medical-Systems/Equipment industry group. IDEXX Laboratories and Masimo are also among the group's highest-rated stocks.
IBD's unique Relative Strength Rating tracks technical performance by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
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