In a welcome move, Arch Capital Group saw its Relative Strength Rating rise from 65 to 73 on Monday.
IBD's proprietary rating tracks share price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database.
Decades of market research shows that the best-performing stocks typically have an RS Rating of above 80 as they launch their largest price moves. See if Arch Capital Group can continue to rebound and hit that benchmark.
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Arch Capital Group is building a consolidation with a 110.75 entry. See if it can clear the breakout price in volume at least 40% higher than normal.
Earnings growth rose in the company's most recent report from -14% to -9%, but the top line fell from 42% to 14%. The next quarterly numbers are expected on or around Apr. 29.
The company earns the No. 22 rank among its peers in the Insurance-Property/Casualty/Title industry group. Goosehead Insurance Cl A, Skyward Specialty Ins and Investors Title are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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