Baldwin Insurance Cl A saw a welcome improvement to its Relative Strength (RS) Rating on Wednesday, with an increase from 78 to 83.
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IBD's proprietary rating tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks compares to all the other stocks in our database.
History shows that the stocks that go on to make the biggest gains typically have an RS Rating north of 80 in the early stages of their moves.
Baldwin Insurance Cl A has climbed more than 5% past a 30.84 entry in a second-stage cup without handle, meaning it's now out of a proper buy zone. Look for the stock to offer a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
Baldwin Insurance Cl A reported 16% earnings growth in the latest quarterly report, while sales growth came in at 9%.
The company earns the No. 3 rank among its peers in the Insurance-Brokers industry group. Kingstone is the top-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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