Hanover Insurance Grp had its Relative Strength (RS) Rating upgraded from 61 to 71 Wednesday — a welcome improvement, but still short of the 80 or higher score you look for.
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This proprietary rating tracks market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the last 52 weeks matched up against all other stocks.
Over 100 years of market history shows that the best stocks typically have an RS Rating of at least 80 in the early stages of their moves. See if Hanover Insurance Grp can continue to rebound and hit that benchmark.
Hanover Insurance Grp is building a cup without handle with a 178.68 entry. See if it can break out in volume at least 40% above average.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 26% to 131%. Revenue rose from 3% to 8%.
The company earns the No. 8 rank among its peers in the Insurance-Property/Casualty/Title industry group. Amer Integrity Ins, HCI Group and Heritage Insurance 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.
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