NMI Holdings saw a welcome improvement to its Relative Strength (RS) Rating on Thursday, with an upgrade from 68 to 71.
IBD's unique RS Rating tracks market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains typically have an RS Rating north of 80 in the early stages of their moves. See if NMI Holdings can continue to rebound and clear that threshold.
How To Invest In Stocks In Both Bull And Bear Markets
NMI Holdings is building a flat base with a 42.49 entry. See if it can clear the breakout price in volume at least 40% higher than normal.
NMI Holdings reported 15% earnings growth last quarter. Revenue increased 12%.
NMI Holdings earns the No. 4 rank among its peers in the Finance-Mortgage & Related Services industry group. Velocity Financial is the No. 1-ranked stock within the group.
RELATED:
IBD Stock Rating Upgrades: Rising Relative Strength
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
