The Relative Strength (RS) Rating for Chubb jumped into a new percentile Monday, with a rise from 80 to 83.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's proprietary RS Rating identifies technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the trailing 52 weeks matches up against that of all other stocks.
History shows that the stocks that go on to make the biggest gains tend to have an RS Rating of at least 80 as they begin their biggest climbs.
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Chubb is trying to complete a flat base with a 188.00 entry. See if the stock can clear the breakout price in heavy volume.
Earnings growth moved up last quarter from -6% to 746%, but revenue fell from 30% to 8%. The next quarterly results are expected on or around Oct. 27.
The company earns the No. 22 rank among its peers in the Insurance-Property/Casualty/Title industry group. First American Financial and Selective Insurance are also among the group's highest-rated stocks.
