When considering what names to put on your watch list, focus on stocks with an 80 or higher RS Rating. Markel Group just cleared that benchmark with an upgrade from 78 to 81.
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IBD's unique RS Rating measures market leadership by showing how a stock's price movement over the last 52 weeks compares to that of other stocks on the major indexes.
History shows that the market's biggest winners typically have an RS Rating of at least 80 as they launch their biggest runs.
Markel Group is still within a buy range after breaking past a 2,013.94 entry in a cup with handle. Once a stock moves 5% or higher beyond the original entry, it's considered out of buy range.
The company reported negative growth for both the top and bottom lines last quarter. The company is expected to release its next quarterly numbers on or around Jul. 30.
The company earns the No. 31 rank among its peers in the Insurance-Property/Casualty/Title industry group. Hagerty, Kinsale Capital Group and AXIS Capital Holdings 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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