In a welcome move, Kinsale Capital Group saw its Relative Strength Rating improve from 70 to 76 on Wednesday.
This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the trailing 52 weeks compares to all the other stocks in our database.
History shows that the stocks that go on to make the biggest gains typically have an RS Rating of over 80 as they launch their biggest price moves. See if Kinsale Capital Group can continue to show renewed price strength and hit that benchmark.
Can You Really Time The Stock Market?
Kinsale Capital Group has risen more than 5% past a 494.27 entry in a third-stage cup with handle, meaning it's now out of a proper buy zone. Look for the stock to create a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
Earnings-per-share growth decreased last quarter from 30% to 27%, but sales rose from 30% to 33%.
The company holds the No. 2 rank among its peers in the Insurance-Property/Casualty/Title industry group. Mercury General is the top-ranked stock within the group.
RELATED:
IBD Stock Rating Upgrades: Rising Relative Strength
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
