Donegal Group Cl A saw its IBD SmartSelect Composite Rating jump to 96 Tuesday, up from 94 the day before.
Looking For Winning Stocks? How To Invest In Both Bull And Bear Markets
The revised score means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength. History shows the top market performers tend to have a 95 or higher score as they launch their major climbs.
Donegal Group Cl A is now out of buy range after clearing the 17.00 entry in a cup without handle. Keep in mind that it's a thinly traded stock, with average daily dollar volume under $8 million.
The stock has an 82 EPS Rating, meaning its recent quarterly and annual earnings growth tops 82% of all stocks.
Its Accumulation/Distribution Rating of A shows heavy buying by institutional investors over the last 13 weeks.
In Q1, the company reported 454% earnings-per-share growth. Revenue growth fell to 2%, down from 4% in the prior quarter.
Donegal Group Cl A earns the No. 5 rank among its peers in the Insurance-Property/Casualty/Title industry group. Root Cl A is the top-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.
