The Relative Strength (RS) Rating for Hanover Insurance Grp headed into a new percentile Friday, as it got a lift from 62 to 75.
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This proprietary rating measures technical performance by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
Over 100 years of market history shows that the top-performing stocks often have an RS Rating north of 80 as they launch their largest runs. See if Hanover Insurance Grp can continue to show renewed price strength and hit that benchmark.
Hanover Insurance Grp is building a cup without handle with a 178.68 buy point. 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 holds the No. 4 rank among its peers in the Insurance-Property/Casualty/Title industry group. Root Cl A is the top-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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