In a welcome move, RenaissanceRe Hldgs saw its Relative Strength Rating rise from 66 to 73 on Monday.
When To Sell Stocks To Lock In Profits And Minimize Losses
This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks compares to all the other stocks in our database.
Over 100 years of market history shows that the best stocks tend to have an RS Rating north of 80 as they begin their biggest price moves. See if RenaissanceRe Hldgs can continue to show renewed price strength and clear that threshold.
While the stock is not near a proper entry right now, see if it is able to form and break out from a proper chart pattern.
RenaissanceRe Hldgs saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -32% to 0%. Revenue rose from -29% to 34%.
The company holds the No. 29 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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