On Thursday, HCI Group hit an important technical milestone, with its Relative Strength (RS) Rating entering into the 90-plus percentile with an improvement to 91, an increase from 88 the day before.
Looking For The Best Stocks To Buy And Watch? Start Here
This exclusive rating from Investor's Business Daily identifies price performance with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the last 52 weeks compares to all the other stocks in our database.
Over 100 years of market history reveals that the best-performing stocks tend to have an RS Rating of over 80 in the early stages of their moves.
HCI Group is trying to complete a cup without handle with a 176.40 entry. See if it can clear the breakout price in heavy volume. Be aware that it's a third-stage base. Later-stage patterns can work, but have a greater chance of failing since, by that point, the stock has already climbed substantially..
EPS growth declined in the company's latest report from 47% to 23%, but the top line rose from 5% to 8%.
HCI Group holds the No. 3 rank among its peers in the Insurance-Property/Casualty/Title industry group. Amer Integrity Ins 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.
RELATED:
Stocks With Rising Relative Strength Ratings
