In a welcome move, Kinsale Capital Group saw its Relative Strength Rating improve from 63 to 71 on Monday.
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This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the last 52 weeks holds up against all the other stocks in our database.
History shows that the best stocks often have an 80 or higher RS Rating as they launch their largest climbs. See if Kinsale Capital Group can continue to rebound and clear that threshold.
Kinsale Capital Group is now considered extended and out of buy range after clearing a 411.32 buy point in a second-stage cup with 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.
Kinsale Capital Group posted 6% earnings growth in the latest quarterly report. Sales rose 14%.
The company holds the No. 6 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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