On Thursday, Everest Re Group earned an upgrade to its Relative Strength (RS) Rating, from 80 to 83.
When you're researching the best stocks to buy and watch, be sure to pay attention to relative price strength.
This exclusive rating from Investor's Business Daily tracks price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners tend to have an RS Rating north of 80 in the early stages of their moves.
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Is Everest Re Group Stock A Buy?
Everest Re Group is in a buy zone after climbing above a 289.78 buy point in a flat base. The proper buying range extends to 5% above the initial entry. Once a stock moves above that range, it's best to wait for it to set up another buying opportunity. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips. Also, check out "Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks."
The insurance company reported -155% EPS growth last quarter. Sales gains came in at 12%. Look for the next report on or around Feb. 8.
Everest Re stock holds the No. 23 rank among its peers in the Insurance-Property/Casualty/Title industry group. Stewart Information Services and Fidelity National Finl are also among the group's highest-rated stocks.
