In a welcome move, Essent Group saw its Relative Strength Rating improve from 66 to 74 on Monday.
Can You Really Time The Stock Market?
This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the last 52 weeks compares to all the other stocks in our database.
Decades of market research reveals that the market's biggest winners typically have an RS Rating of over 80 in the early stages of their moves. See if Essent Group can continue to show renewed price strength and clear that threshold.
Essent Group is trying to complete a cup without handle with a 65.33 entry. See if the stock can clear the breakout price in volume at least 40% higher than normal.
Essent Group posted -1% earnings growth in its most recent report. Sales increased 6%.
The company holds the No. 7 rank among its peers in the Finance-Mortgage & Related Services industry group. NMI Holdings, Finance of America and Enact Holdings 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!
