Brown & Brown saw a positive improvement to its Relative Strength (RS) Rating on Monday, with an increase from 79 to 83.
IBD's proprietary RS Rating tracks market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the last 52 weeks matches up against other publicly traded companies.
Over 100 years of market history reveals that the market's biggest winners typically have an 80 or better RS Rating in the early stages of their moves.
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Brown & Brown is building a cup without handle with a 114.15 buy point. See if the stock can break out in volume at least 40% above average.
Earnings grew 25% last quarter, up from 12% in the prior report. Revenue also increased, from 11% to 15%.
The company earns the No. 2 rank among its peers in the Insurance-Brokers industry group. Ryan Specialty Holdings is the No. 1-ranked stock within the group.
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