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iRobot Gets RS Rating Upgrade

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iRobot ( IRBT ) had its Relative Strength ( RS ) Rating upgraded from 69 to 76 Thursday -- a welcome improvement, but still below the 80 or better score you prefer to see.

[ibd-display-video id=2102289 width=50 float=left autostart=true] IBD's unique rating measures price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the trailing 52 weeks holds up against all the other stocks in our database.

Decades of market research reveals that the stocks that go on to make the biggest gains tend to have an RS Rating of over 80 in the early stages of their moves. See if iRobot can continue to show renewed price strength and hit that benchmark.

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iRobot is now considered extended and out of buy range after clearing a 64.09 buy point in a first-stage cup without 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 growth increased last quarter from -29% to -14%. But revenue gains fell from 23% to 22%.

iRobot earns the No. 5 rank among its peers in the Household-Appliances/Hardware industry group. Sodastream International ( SODA ) is the top-ranked stock within the group.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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