The Relative Strength (RS) Rating for CNA Financial entered a new percentile Tuesday, with a rise from 78 to 83.
This unique rating identifies technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the last 52 weeks matches up against that of all other stocks.
Over 100 years of market history shows that the stocks that go on to make the biggest gains often have an RS Rating of at least 80 in the early stages of their moves.
Looking For The Best Stocks To Buy And Watch? Start Here
CNA Financial is within a buy zone after clearing a 48.77 entry in a cup with handle. Once a stock moves 5% or higher beyond the initial entry, it's considered extended and out of buy range.
The company showed -6% EPS growth in the latest quarterly report, while sales growth came in at 5%.
The company holds the No. 21 rank among its peers in the Insurance-Property/Casualty/Title industry group. Goosehead Insurance Cl A, Root Cl A and Skyward Specialty Ins are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
RELATED:
Which Stocks Are Showing Improved Price Performance?
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
