In a welcome move, WR Berkley saw its Relative Strength Rating improve from 67 to 73 on Tuesday.
IBD's proprietary RS Rating tracks 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.
History shows that the market's biggest winners often have an RS Rating north of 80 as they launch their largest price moves. See if WR Berkley can continue to show renewed price strength and clear that threshold.
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WR Berkley is working on a cup without handle with a 65.49 entry. See if the stock can clear the breakout price in volume at least 40% above average.
Earnings grew 16% last quarter, up from 3% in the prior report. Revenue also increased, from 12% to 14%.
The company holds the No. 5 rank among its peers in the Insurance-Property/Casualty/Title industry group. Skyward Specialty Ins is the No. 1-ranked stock within the group.
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