When building your watch list, look for stocks with an 80 or higher RS Rating. EverQuote now meets that criteria, with an increase from 71 to 86 Tuesday.
IBD's unique RS Rating tracks market leadership by showing how a stock's price action over the last 52 weeks compares to that of other stocks on the major indexes.
History shows that the stocks that go on to make the biggest gains typically have an RS Rating north of 80 in the early stages of their moves.
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Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock manages to establish and enter a buying range in heavy trade.
EverQuote showed 0% earnings growth last quarter. Revenue gains came in at 163%.
The company earns the No. 11 rank among its peers in the Insurance-Diversified industry group. Palomar Holdings, Bowhead Specialty and TWFG are among the top 5 highly rated stocks within the group.
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