On Monday, MGIC Investment reached a key technical benchmark, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 84, up from 80 the day before.
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This exclusive rating from Investor's Business Daily identifies price movement with a 1 (worst) to 99 (best) score. The grade 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 best stocks tend to have an RS Rating of at least 80 as they begin their biggest climbs.
MGIC Investment is building a consolidation with a 26.56 buy point. See if it can clear the breakout price in heavy trading.
While revenue growth fell last quarter from 6% to 4%, the bottom line grew 15%, up from 7% in the prior report.
The company holds the No. 14 rank among its peers in the Insurance-Property/Casualty/Title industry group. Skyward Specialty Ins, Goosehead Insurance Cl A 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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