On Thursday, MGIC Investment received an upgrade to its Relative Strength (RS) Rating, from 67 to 72.
When To Sell Stocks To Lock In Profits And Minimize Losses
This exclusive rating from Investor's Business Daily identifies price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks holds up against all the other stocks in our database.
History reveals that the best stocks tend to have an RS Rating of above 80 as they begin their largest price moves. See if MGIC Investment can continue to rebound and hit that benchmark.
MGIC Investment is trying to complete a cup with handle with a 28.20 buy point. See if it can clear the breakout price in heavy trading.
The company posted 6% earnings growth in its most recent report, while sales growth came in at 0%.
MGIC Investment holds the No. 10 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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