On Wednesday, Ryan Specialty stock got a positive adjustment to its Relative Strength (RS) Rating, from 78 to 89.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's unique RS Rating measures technical performance by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
History reveals that the best stocks tend to have an 80 or better RS Rating in the early stages of their moves.
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Is Ryan Specialty Stock A Buy?
Ryan Specialty stock is building a consolidation with a 42.53 buy point. See if the stock can clear the breakout price in heavy trading. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
While earnings growth declined last quarter from 21% to 9%, sales rose 24%, up from 16% in the prior report.
The insurance broker holds the No. 2 rank among its peers in the Insurance-Brokers industry group. Ryan Specialty and Brown & Brown are also among the group's highest-rated stocks.
