On Thursday, SiriusPoint hit an important performance benchmark, with its Relative Strength (RS) Rating climbing into the 80-plus percentile with an improvement to 81, up from 78 the day before.
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This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the last 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains typically have an 80 or better RS Rating as they launch their biggest price moves.
SiriusPoint is working on a consolidation with a 21.03 buy point. See if it can clear the breakout price in volume at least 40% above average. Be aware that it's a third-stage base. Such later-stage patterns are more and have a higher likelihood to fail than earlier-stage consolidations.
SiriusPoint posted -12% earnings growth last quarter. Revenue increased 1%.
The company earns the No. 44 rank among its peers in the Insurance-Property/Casualty/Title industry group. Amer Integrity Ins, HCI Group and Heritage Insurance 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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