Hanover Insurance Grp saw a welcome improvement to its Relative Strength (RS) Rating on Friday, with an upgrade from 79 to 82.
This exclusive rating from Investor's Business Daily measures price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research shows that the top-performing stocks tend to have an 80 or higher RS Rating as they begin their biggest price moves.
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Hanover Insurance Grp is now considered extended and out of buy range after clearing a 138.30 buy point in a first-stage cup without handle. 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 line.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 0% to 1,505%. Revenue rose from 2% to 3%.
Hanover Insurance Grp holds the No. 22 rank among its peers in the Insurance-Property/Casualty/Title industry group. Kinsale Capital Group, Mercury General and Allstate are among the top 5 highly rated stocks within the group.
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