On Thursday, Horace Mann Educators cleared an important performance benchmark, with its Relative Strength (RS) Rating climbing into the 80-plus percentile with an upgrade to 82, up from 78 the day before.
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This proprietary rating tracks technical performance by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
History shows that the market's biggest winners typically have an 80 or higher RS Rating as they begin their biggest climbs.
Horace Mann Educators broke out earlier, but has fallen back below the prior 43.69 entry from a flat base. If a stock you're watching clears a buy point then declines 7% or more below the original entry price, it's considered a failed base. It's best to wait for the stock to form a new pattern and breakout. Also keep in mind that the most recent consolidation is a later-stage base, which makes it riskier to establish a new position or add shares to an existing one.
While EPS growth decreased in the company's most recently reported quarter from 94% to 63%, sales rose 8%, up from 2% in the prior report.
Horace Mann Educators earns the No. 14 rank among its peers in the Insurance-Property/Casualty/Title industry group. Root Cl A, Skyward Specialty Ins and Goosehead Insurance Cl A 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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