MGIC Investment had its Relative Strength (RS) Rating upgraded from 66 to 71 Tuesday — a welcome improvement, but still short of the 80 or better score you prefer to see.
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This exclusive rating from Investor's Business Daily tracks price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the trailing 52 weeks compares to all the other stocks in our database.
Decades of market research shows that the stocks that go on to make the biggest gains often have an RS Rating of over 80 in the early stages of their moves. See if MGIC Investment can continue to rebound and clear that threshold.
MGIC Investment is building a flat base with a 28.67 entry. See if it can break out in volume at least 40% higher than normal.
MGIC Investment posted 6% EPS growth in its most recent report, while sales growth came in at 0%.
MGIC Investment earns the No. 12 rank among its peers in the Insurance-Property/Casualty/Title industry group. Heritage Insurance, HCI Group and Hagerty 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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