On Wednesday, Accelerant Holdings hit an important technical milestone, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 82, up from 75 the day before.
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IBD's unique rating identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the best stocks typically have an RS Rating of at least 80 as they launch their biggest price moves.
The stock, which is on theIPO Leaders list, is working on an ipo base with a 31.18 buy point. See if it can clear the breakout price in volume at least 40% above average.
Accelerant Holdings posted 150% EPS growth last quarter. Sales rose 39%. The company is expected to report its latest performance numbers on or around Aug. 28.
Accelerant Holdings holds the No. 5 rank among its peers in the Computer Software-Enterprise industry group. Palantir Technologies is the No. 1-ranked stock 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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