The Relative Strength (RS) Rating for Baldwin Insurance Cl A jumped into a new percentile Friday, with an increase from 78 to 81.
IBD's unique RS Rating measures market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the last 52 weeks matches up against other publicly traded companies.
History shows that the market's biggest winners typically have an RS Rating of above 80 in the early stages of their moves.
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Baldwin Insurance Cl A has climbed more than 5% past a 30.84 entry in a second-stage cup without handle, meaning it's now out of a proper buy range. Look for the stock to offer a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
Baldwin Insurance Cl A reported 14% EPS growth in the latest quarterly report. Revenue increased 11%.
Baldwin Insurance Cl A holds the No. 7 rank among its peers in the Insurance-Brokers industry group. Kingstone, Ryan Specialty Holdings and Brown & Brown are among the top 5 highly rated stocks within the group.
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