In a welcome move, Assured Guaranty saw its Relative Strength Rating improve from 67 to 71 on Monday.
IBD's proprietary rating measures market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the best stocks often have an RS Rating north of 80 in the early stages of their moves. See if Assured Guaranty can continue to rebound and hit that benchmark.
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Assured Guaranty is building a saucer without handle with a 96.60 buy point. See if it can clear the breakout price in volume at least 40% above average.
Earnings growth rose last quarter from 75% to 140%. But revenue gains fell from -13% to -44%. The next quarterly results are expected on or around Nov. 11.
Assured Guaranty earns the No. 14 rank among its peers in the Insurance-Property/Casualty/Title industry group. Mercury General, Intl General Insurance and Allstate are among the top 5 highly rated stocks within the group.
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