In a welcome move, RenaissanceRe Hldgs saw its Relative Strength Rating improve from 66 to 76 on Tuesday.
IBD's unique RS Rating measures technical performance by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
History reveals that the best stocks often have an RS Rating of over 80 as they begin their biggest climbs. See if RenaissanceRe Hldgs can continue to show renewed price strength and hit that benchmark.
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RenaissanceRe Hldgs is working on a consolidation with a 300.00 entry. See if it can break out in heavy volume.
Earnings growth decreased in the most recent report from 40% to 22%. But revenue gains moved higher, from 53% to 116%. The next quarterly results are expected on or around Jan. 28.
RenaissanceRe Hldgs earns the No. 1 rank among its peers in the Insurance-Property/Casualty/Title industry group. RenaissanceRe Hldgs and Goosehead Insurance Cl A are also among the group's highest-rated stocks.
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