In a welcome move, WR Berkley saw its Relative Strength Rating improve from 67 to 72 on Monday.
This exclusive rating from Investor's Business Daily identifies price action with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
History shows that the best stocks often have an 80 or better RS Rating in the early stages of their moves. See if WR Berkley can continue to rebound and clear that threshold.
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WR Berkley broke out earlier, but has fallen back below the prior 61.28 entry from a cup without handle. If a stock you're tracking clears a buy point then declines 7% or more below the original entry price, it's considered a failed base. Wait for the stock to set up and breakout from a new base and buy point. Also keep in mind that the latest consolidation is a later-stage base, and such bases are more prone to failure.
Earnings growth slowed in the most recent report from 37% to 3%. But revenue gains moved higher, from 11% to 12%.
WR Berkley earns the No. 12 rank among its peers in the Insurance-Property/Casualty/Title industry group. Allstate, AXIS Capital Holdings and Intl General Insurance are among the top 5 highly rated stocks within the group.
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