On Wednesday, Hartford Financial got an upgrade to its Relative Strength (RS) Rating, from 67 to 71.
IBD's proprietary RS Rating measures technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the trailing 52 weeks compares to other publicly traded companies.
Over 100 years of market history shows that the market's biggest winners tend to have an 80 or higher RS Rating in the early stages of their moves. See if Hartford Financial can continue to show renewed price strength and hit that benchmark.
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While Hartford Financial is not near a proper buy point right now, see if it manages to form and break out from a proper chart pattern.
Earnings-per-share growth declined in the company's latest report from 33% to 10%, but revenue rose from 7% to 9%. The next quarterly results are expected on or around Jan. 30.
The company earns the No. 9 rank among its peers in the Insurance-Diversified industry group. Palomar Holdings, Bowhead Specialty and Hamilton Insurance Cl B are among the top 5 highly rated stocks within the group.
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