On Tuesday, Assurant reached an important technical milestone, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 83, up from 80 the day before.
This exclusive rating from Investor's Business Daily measures price action with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks compares to all the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners typically have an RS Rating north of 80 as they begin their biggest climbs.
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Assurant is working on a flat base with a 230.55 buy point. See if it can break out in volume at least 40% above average.
While sales growth fell last quarter from 7% to 4%, the bottom line grew 13%, up from 9% in the previous report.
The company earns the No. 9 rank among its peers in the Insurance-Diversified industry group. Bowhead Specialty, EverQuote and Palomar Holdings 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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