Assurant had its Relative Strength (RS) Rating upgraded from 69 to 74 Wednesday — a welcome improvement, but still short of the 80 or higher score you prefer to see.
Can You Really Time The Stock Market?
This proprietary rating tracks market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the last 52 weeks compares to other publicly traded companies.
Over 100 years of market history shows that the best stocks typically have an 80 or higher RS Rating as they launch their biggest runs. See if Assurant can continue to rebound and hit that benchmark.
Assurant is trying to complete a consolidation with a 230.55 buy point. See if it can clear the breakout price in heavy trading.
Top and bottom line growth moved higher last quarter. Earnings were up 16%, compared to 13% in the prior report. Revenue increased from 4% to 7%.
The company holds the No. 9 rank among its peers in the Insurance-Diversified industry group. Bowhead Specialty, Palomar Holdings and EverQuote 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.
RELATED:
Stocks With Rising Relative Strength Ratings
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
