On Tuesday, Baldwin Insurance Cl A hit an important technical milestone, with its Relative Strength (RS) Rating rising into the 90-plus percentile with an improvement to 93, up from 90 the day before.
This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the last 52 weeks stacks up against all the other stocks in our database.
History shows that the top-performing stocks often have an 80 or better RS Rating at the beginning of a new climb.
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The IBD 50 stock is now considered extended and out of buy range after clearing a 30.84 buy point in a second-stage cup without handle. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
Earnings growth rose last quarter from 17% to 33%, but sales fell from 16% to 15%.
Baldwin Insurance Cl A holds the No. 2 rank among its peers in the Insurance-Brokers industry group. Ryan Specialty Holdings is the top-ranked stock within the group.
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