Radian Group saw a welcome improvement to its Relative Strength (RS) Rating on Friday, with an upgrade from 67 to 72.
This proprietary rating identifies technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the last 52 weeks matched up against all other stocks.
Decades of market research shows that the market's biggest winners typically have an 80 or higher RS Rating as they begin their largest price moves. See if Radian Group can continue to show renewed price strength and clear that threshold.
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Radian Group is working on a consolidation with a 37.86 buy point. See if the stock can break out in heavy volume.
Earnings growth rose last quarter from -1% to 14%, but revenue fell from 7% to -4%.
Radian Group holds the No. 8 rank among its peers in the Finance-Mortgage & Related Services industry group. LendingTree, Rocket Cos. and Finance of America 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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