Gallagher had its Relative Strength (RS) Rating upgraded from 70 to 73 Monday — a welcome improvement, but still short of the 80 or higher score you look for.
IBD's proprietary RS Rating tracks market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
History shows that the best-performing stocks tend to have an RS Rating of over 80 as they begin their largest climbs. See if Gallagher can continue to show renewed price strength and clear that threshold.
When To Sell Stocks To Lock In Profits And Minimize Losses
Gallagher is still inside a buying range after moving past a 301.04 entry in a flat base. The proper buying range is up to 5% above the initial entry. Once a stock moves above that range, it's best to hold off investing and wait for it to set up another buying opportunity..
Gallagher showed 13% earnings growth in its most recent report, while sales growth came in at 13%.
The company holds the No. 6 rank among its peers in the Insurance-Brokers industry group. Ryan Specialty Holdings, Kingstone and Brown & Brown are among the top 5 highly rated stocks within the group.
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