When considering what names to put on your watch list, focus on stocks with an 80 or higher RS Rating. Hartford Financial is one stock that just reached the mark, now earning a score of 83.
IBD's unique RS Rating measures market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the trailing 52 weeks matches up against other publicly traded companies.
Decades of market research shows that the stocks that go on to make the biggest gains often have an 80 or higher RS Rating as they begin their biggest runs.
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Hartford Financial has risen more than 5% past a 103.64 entry in a third-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 line.
Earnings growth decreased in the most recent report from 33% to 10%. But sales moved higher, from 7% to 9%.
Hartford Financial earns the No. 7 rank among its peers in the Insurance-Diversified industry group. Palomar Holdings, Bowhead Specialty and Manulife Financial are among the top 5 highly rated stocks within the group.
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