The Relative Strength (RS) Rating for MGIC Investment jumped into a new percentile Wednesday, with a rise from 77 to 81.
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IBD's proprietary RS Rating tracks 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.
Over 100 years of market history reveals that the best-performing stocks typically have an 80 or better RS Rating as they launch their biggest price moves.
MGIC Investment is building a consolidation with a 26.56 buy point. See if it can break out in heavy volume.
While EPS growth fell in the prior quarter from 20% to 7%, sales grew 6%, up from 3% in the prior report. The next quarterly numbers are expected on or around Apr. 30.
The company holds the No. 19 rank among its peers in the Insurance-Property/Casualty/Title industry group. Goosehead Insurance Cl A, Skyward Specialty Ins and Investors Title 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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