On Wednesday, HCI Group reached a noteworthy technical benchmark, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 82, up from 79 the day before.
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This exclusive rating from Investor's Business Daily tracks price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history reveals that the top-performing stocks typically have an RS Rating of above 80 in the early stages of their moves.
While HCI Group is not near an ideal buy zone right now, see if it manages to form and break out of a proper chart pattern.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -90% to -89%. Revenue rose from 0% to 5%. Keep an eye out for the company's next round of numbers on or around Aug. 7.
The company holds the No. 38 rank among its peers in the Insurance-Property/Casualty/Title industry group. Root Cl A, Hagerty 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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