On Friday, HCI Group received an upgrade to its Relative Strength (RS) Rating, from 79 to 82.
This exclusive rating from Investor's Business Daily measures price movement with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the stocks that go on to make the biggest gains tend to have an 80 or higher RS Rating as they launch their biggest climbs.
Hone Your Stock-Picking Skills By Focusing On These Factors
HCI Group broke out earlier, but has fallen back below the prior 115.52 entry from a cup with handle. If a stock you're tracking breaks past a buy point then declines 7% or more below the original entry price, it's considered a failed base. It's best to wait for the stock to form a new consolidation and breakout. Also understand that the most recent consolidation is a later-stage base, which makes it riskier to establish a new position or add shares to an existing one.
The company showed -67% EPS growth last quarter. Revenue increased 33%.
The company earns the No. 36 rank among its peers in the Insurance-Property/Casualty/Title industry group. Mercury General, Intl General Insurance and Skyward Specialty Ins are among the top 5 highly rated stocks within the group.
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