Hanover Insurance Grp had its Relative Strength (RS) Rating upgraded from 70 to 74 Thursday — a welcome improvement, but still short of the 80 or higher score you prefer to see.
This unique rating measures 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.
Decades of market research shows that the best stocks typically have an 80 or higher RS Rating as they launch their largest climbs. See if Hanover Insurance Grp can continue to show renewed price strength and hit that benchmark.
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Hanover Insurance Grp is now considered extended and out of buy range after clearing a 138.30 buy point in a first-stage cup without handle. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
Hanover Insurance Grp saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 0% to 1,505%. Revenue rose from 2% to 3%.
Hanover Insurance Grp holds the No. 29 rank among its peers in the Insurance-Property/Casualty/Title industry group. Kinsale Capital Group, Mercury General and AXIS Capital Holdings are among the top 5 highly rated stocks within the group.
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