On Wednesday, Assured Guaranty got a positive adjustment to its Relative Strength (RS) Rating, from 66 to 71.
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This unique rating measures technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the last 52 weeks compares to other publicly traded companies.
Decades of market research reveals that the stocks that go on to make the biggest gains typically have an 80 or higher RS Rating as they begin their biggest runs. See if Assured Guaranty can continue to rebound and clear that threshold.
Assured Guaranty is working on a consolidation with a 96.50 buy point. See if the stock can break out in volume at least 40% higher than normal.
Assured Guaranty reported negative growth for both the top and bottom lines last quarter. The company is expected to report its next quarterly numbers on or around May 13.
The company earns the No. 43 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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