WR Berkley saw a welcome improvement to its Relative Strength (RS) Rating on Tuesday, with an increase from 76 to 81.
IBD's proprietary rating tracks price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the trailing 52 weeks compares to all the other stocks in our database.
Decades of market research shows that the market's biggest winners tend to have an 80 or better RS Rating in the early stages of their moves.
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WR Berkley is working on a cup without handle with a 65.49 buy point. See if the stock can clear the breakout price in volume at least 40% higher than normal.
Earnings grew 16% last quarter, up from 3% in the prior report. Revenue also increased, from 12% to 14%.
WR Berkley holds the No. 6 rank among its peers in the Insurance-Property/Casualty/Title industry group. Goosehead Insurance Cl A, Root Cl A and Skyward Specialty Ins are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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