On Wednesday, NMI Holdings received an upgrade to its Relative Strength (RS) Rating, from 69 to 72.
This exclusive rating from Investor's Business Daily measures share price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
History reveals that the top-performing stocks typically have an RS Rating of at least 80 in the early stages of their moves. See if NMI Holdings can continue to show renewed price strength and hit that benchmark.
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NMI Holdings is working on a flat base with a 42.49 buy point. See if it can clear the breakout price in heavy trade.
The company reported 26% earnings growth last quarter, while sales growth came in at 14%. The company is expected to report its latest numbers on or around Nov. 6.
NMI Holdings holds the No. 2 rank among its peers in the Finance-Mortgage & Related Services industry group. Velocity Financial is the No. 1-ranked stock within the group.
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