The Relative Strength (RS) Rating for Reinsurance Grp America climbed into a new percentile Monday, with an increase from 80 to 84.
IBD's unique rating identifies market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks holds up against all the other stocks in our database.
History reveals that the stocks that go on to make the biggest gains often have an RS Rating of above 80 in the early stages of their moves.
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Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock goes on to offer and clear an appropriate buy point.
The company reported 10% earnings growth last quarter. Sales increased 10%.
Reinsurance Grp America earns the No. 2 rank among its peers in the Insurance-Life industry group. Primerica is the top-ranked stock within the group.
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