On Monday, Mercury General earned an upgrade to its Relative Strength (RS) Rating, from 80 to 83.
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This exclusive rating from Investor's Business Daily tracks price performance with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the trailing 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the best-performing stocks typically have an 80 or better RS Rating as they launch their biggest runs.
Mercury General is still within a buy range after clearing a 66.30 entry in a cup with handle. Once a stock moves 5% or higher beyond the initial entry, it's considered out of a proper buying area.
Earnings growth declined last quarter from 142% to 0%, but revenue rose from -1% to 9%. The company is expected to report its latest numbers on or around Aug. 5.
Mercury General earns the No. 20 rank among its peers in the Insurance-Property/Casualty/Title industry group. Goosehead Insurance Cl A, Skyward Specialty Ins 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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