Hanover Insurance Grp saw a positive improvement to its Relative Strength (RS) Rating on Wednesday, rising from 80 to 83.
This exclusive rating from Investor's Business Daily identifies price movement with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the last 52 weeks compares to all the other stocks in our database.
Over 100 years of market history reveals 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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Hanover Insurance Grp broke out earlier, but has fallen back below the prior 166.13 entry from a flat base. In the case where a stock breaks out then falls 7% or more below the entry price, it's considered a failed breakout. If that happens, it's best to wait for a new base to form. Also understand that the latest consolidation is a later-stage base, and those involve more risk.
EPS growth dropped last quarter from 1,505% to 68%, but sales rose from 3% to 4%.
The company earns the No. 16 rank among its peers in the Insurance-Property/Casualty/Title industry group. Goosehead Insurance Cl A, Skyward Specialty Ins and Progressive are among the top 5 highly rated stocks within the group.
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