Hanover Insurance Grp had its Relative Strength (RS) Rating upgraded from 88 to 91 Tuesday.
IBD's proprietary RS Rating identifies technical performance by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners often have an RS Rating of at least 80 at the beginning of a new price run.
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Hanover Insurance Grp is still within a buying range after climbing above a 166.13 entry in a flat base. Once a stock moves 5% or higher beyond the initial entry, it's considered extended and out of buy range.
Earnings growth declined in the company's most recent report from 1,505% to 68%, but sales rose from 3% to 4%.
The company earns the No. 13 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.
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