In a welcome move, Gallagher saw its Relative Strength Rating improve from 69 to 72 on Friday.
This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners typically have an RS Rating of over 80 in the early stages of their moves. See if Gallagher can continue to show renewed price strength and clear that threshold.
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Gallagher is building a flat base with a 316.72 entry. See if the stock can clear the breakout price in volume at least 40% higher than normal.
Gallagher posted 13% EPS growth in its most recent report, while sales growth came in at 13%. The company is expected to report its latest results on or around Jan. 30.
Gallagher earns the No. 5 rank among its peers in the Insurance-Brokers industry group. Brown & Brown is the top-ranked stock within the group.
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