Assurant had its Relative Strength (RS) Rating upgraded from 70 to 75 Thursday — a welcome improvement, but still below the 80 or better score you prefer to see.
This unique rating measures technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the last 52 weeks compares to the rest of the market.
Over 100 years of market history shows 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 Assurant can continue to rebound and hit that benchmark.
When To Sell Stocks To Lock In Profits And Minimize Losses
Assurant is in a buy zone after breaking past a 201.55 buy point in a flat base. The proper buying range is up to 5% above the initial entry. Once a stock hits that benchmark, it's best to hold off investing and wait for it to set up another buying opportunity..
Assurant reported 9% earnings growth in the latest quarterly report, while sales growth came in at 7%.
The company holds the No. 7 rank among its peers in the Insurance-Diversified industry group. Palomar Holdings, Jackson Financial and Hamilton Insurance Cl B are among the top 5 highly rated stocks within the group.
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