In a welcome move, Assurant saw its Relative Strength Rating improve from 63 to 71 on Wednesday.
This proprietary rating measures technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the trailing 52 weeks compares to other publicly traded companies.
Over 100 years of market history shows that the market's biggest winners typically have an RS Rating of at least 80 as they begin their biggest price moves. See if Assurant can continue to show renewed price strength and hit that benchmark.
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Assurant is building a flat base with a 230.55 buy point. See if it can break out in volume at least 40% above average.
Earnings growth moved up in the company's latest report from 9% to 13%, but the top line fell from 7% to 4%.
The company earns the No. 13 rank among its peers in the Insurance-Diversified industry group. Palomar Holdings, Bowhead Specialty and EverQuote are among the top 5 highly rated stocks within the group.
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