Assured Guaranty had its Relative Strength (RS) Rating upgraded from 68 to 71 Thursday — a welcome improvement, but still shy of the 80 or higher score you look for.
IBD's unique rating tracks price performance with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the stocks that go on to make the biggest gains often have an RS Rating north of 80 as they begin their biggest climbs. See if Assured Guaranty can continue to rebound and clear that threshold.
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Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock goes on to establish and enter a buying range in heavy trade.
Earnings growth fell last quarter from 140% to -29%. But revenue gains moved higher, from -44% to -33%.
The company holds the No. 31 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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