One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Hanover Insurance stock now clears that threshold, with a jump from 74 to 83 Friday.
When you're researching the best stocks to buy and watch, keep a close on eye on relative price strength.
This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks stacks up against all the other stocks in our database.
History reveals that the top-performing stocks tend to have an RS Rating of at least 80 as they launch their biggest runs.
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Is Hanover Insurance Stock A Buy?
Hanover Insurance stock is building a consolidation with a 155.65 buy point. See if the stock can clear the breakout price in volume at least 40% above average.
The property and casualty company reported -19% EPS growth in its most recent report. Revenue rose 0%. The company is expected to report its latest earnings and sales numbers on or around Oct. 27.
Hanover Insurance stock earns the No. 15 rank among its peers in the Insurance-Property/Casualty/Title industry group. Berkley WR and Alleghany are also among the group's highest-rated stocks.
