Assured Guaranty saw a positive improvement to its Relative Strength (RS) Rating on Tuesday, with an increase from 70 to 75.
IBD's proprietary rating measures share price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the stocks that go on to make the biggest gains often have an 80 or better RS Rating in the early stages of their moves. See if Assured Guaranty can continue to rebound and clear that threshold.
When To Sell Stocks To Lock In Profits And Minimize Losses
Assured Guaranty broke out earlier, but is now trading about 5% below the prior 95.80 entry from a saucer with handle. In the scenario where a stock breaks out then falls 7% or more below the entry price, it's considered a failed breakout. If that happens, it's best to wait for a new pattern to take shape. Also keep in mind that the most recent pattern is a later-stage base, and such bases are more prone to failure.
Earnings-per-share growth declined last quarter from 140% to -29%, but sales rose from -44% to -33%. Keep an eye out for the company's next round of numbers on or around Feb. 27.
Assured Guaranty earns the No. 21 rank among its peers in the Insurance-Property/Casualty/Title industry group. Skyward Specialty Ins, Goosehead Insurance Cl A and Intl General Insurance are among the top 5 highly rated stocks within the group.
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