RLI Corp had its Relative Strength (RS) Rating upgraded from 68 to 74 Thursday — a welcome improvement, but still short of the 80 or better score you prefer to see.
IBD's proprietary RS Rating measures technical performance by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
History shows that the market's biggest winners often have an RS Rating of over 80 as they begin their biggest runs. See if RLI Corp can continue to show renewed price strength and clear that threshold.
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RLI Corp has climbed more than 5% past a 149.20 entry in a first-stage flat base, meaning it's now out of a proper buy zone. Look for the stock to offer a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Top and bottom line growth moved higher last quarter. Earnings were up 115%, compared to 48% in the prior report. Revenue increased from 9% to 42%.
RLI Corp holds the No. 11 rank among its peers in the Insurance-Property/Casualty/Title industry group. Kinsale Capital Group, Mercury General and AXIS Capital Holdings are among the top 5 highly rated stocks within the group.
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