Loews had its Relative Strength (RS) Rating upgraded from 69 to 75 Tuesday — a welcome improvement, but still short of the 80 or better score you prefer to see.
How To Invest In Stocks In Both Bull And Bear Markets
This unique rating identifies technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the trailing 52 weeks compares to other publicly traded companies.
Over 100 years of market history shows that the market's biggest winners tend to have an 80 or better RS Rating in the early stages of their moves. See if Loews can continue to show renewed price strength and hit that benchmark.
Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock goes on to form a consolidation and break out.
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 19%, compared to -15% in the prior report. Revenue increased from 6% to 7%.
Loews earns the No. 4 rank among its peers in the Insurance-Diversified industry group. EverQuote 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.
RELATED:
Stocks With Rising Relative Strength Ratings
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
