On Monday, Hamilton Insurance Cl B got a positive adjustment to its Relative Strength (RS) Rating, from 80 to 83.
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IBD's proprietary RS Rating identifies technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the trailing 52 weeks matches up against that of all other stocks.
History reveals that the best stocks often have an 80 or higher RS Rating as they begin their biggest climbs.
The stock, which is on theIPO Leaders screen, is now considered extended and out of buy range after clearing a 22.33 buy point in a first-stage flat base. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Taking a look at revenue and profit performance, the company has posted rising EPS growth in each of the last two reports. Revenue growth has also risen during the same period.
The company holds the No. 2 rank among its peers in the Insurance-Diversified industry group. Yuanbao ADR is the No. 1-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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