The Relative Strength (RS) Rating for Cincinnati Financial headed into a higher percentile Wednesday, as it got a lift from 66 to 77.
Can You Really Time The Stock Market?
IBD's unique RS Rating tracks technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the last 52 weeks matched up against all other stocks.
History shows that the market's biggest winners tend to have an RS Rating north of 80 in the early stages of their moves. See if Cincinnati Financial can continue to rebound and hit that benchmark.
While the stock is not near an ideal entry right now, see if it manages to form and break out of a proper consolidation.
Earnings growth picked up last quarter from -14% to 38%. But revenue gains fell from 83% to -24%. The company is expected to report its latest performance numbers on or around Apr. 28.
The company earns the No. 28 rank among its peers in the Insurance-Property/Casualty/Title industry group. Goosehead Insurance Cl A, Skyward Specialty Ins and Investors Title 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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