On Thursday, Loews hit an important performance benchmark, with its Relative Strength (RS) Rating jumping into the 80-plus percentile with an improvement to 81, an increase from 78 the day before.
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This unique rating tracks market leadership by showing how a stock's price movement over the last 52 weeks compares to that of other stocks on the major indexes.
Decades of market research shows that the best stocks tend to have an 80 or better RS Rating as they launch their biggest price moves.
Loews has risen more than 5% past an 89.81 entry in a first-stage cup with handle, meaning it's now out of a proper buy range. Look for the stock to offer a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week line.
Earnings grew 19% last quarter, up from -15% in the prior report. Revenue also increased, from 6% to 7%.
The company holds the No. 2 rank among its peers in the Insurance-Diversified industry group. Yuanbao ADR is the No. 1-ranked stock 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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