Arch Capital Group had its Relative Strength (RS) Rating upgraded from 62 to 71 Tuesday — a welcome improvement, but still shy of the 80 or higher score you look for.
IBD's unique RS Rating measures technical performance 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 RS Rating of at least 80 as they begin their largest runs. See if Arch Capital Group can continue to show renewed price strength and clear that threshold.
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Arch Capital Group is working on a consolidation with a 110.75 entry. See if the stock can break out in volume at least 40% higher than normal.
While the company's top line growth fell last quarter from 42% to 14%, earnings-per-share grew -9%, up from -14% in the previous report. Look for the next report on or around Apr. 29.
Arch Capital Group holds the No. 21 rank among its peers in the Insurance-Property/Casualty/Title industry group. Goosehead Insurance Cl A, Skyward Specialty Ins and Investors Title 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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