In a welcome move, WR Berkley saw its Relative Strength Rating improve from 69 to 72 on Thursday.
This proprietary rating measures technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the trailing 52 weeks matched up against all other stocks.
Over 100 years of market history reveals that the market's biggest winners often have an RS Rating north of 80 as they launch their biggest runs. See if WR Berkley can continue to rebound and clear that threshold.
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WR Berkley is not currently showing a potential entry point. See if the stock goes on to form a base that could launch a new move.
Earnings growth fell last quarter from 37% to 3%, but the top line rose from 11% to 12%. The next quarterly results are expected on or around Jan. 23.
WR Berkley holds the No. 14 rank among its peers in the Insurance-Property/Casualty/Title industry group. Allstate, Mercury General and Skyward Specialty Ins are among the top 5 highly rated stocks within the group.
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