On Thursday, MGIC Investment received a positive adjustment to its Relative Strength (RS) Rating, from 70 to 75.
This unique rating tracks market leadership by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
History shows that the market's biggest winners often have an RS Rating of above 80 in the early stages of their moves. See if MGIC Investment can continue to show renewed price strength and clear that threshold.
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While now is not an ideal time to jump in, see if the stock manages to establish and enter a buy zone in heavy volume.
While revenue growth fell last quarter from 5% to 3%, the bottom line grew 20%, up from 13% in the previous report.
MGIC Investment earns the No. 22 rank among its peers in the Insurance-Property/Casualty/Title industry group. Mercury General, HCI Group and Hagerty are among the top 5 highly rated stocks within the group.
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