When considering what names to put on your watch list, look for stocks with an 80 or higher RS Rating. MGIC Investment just met that criteria with a new score of 82.
This proprietary rating identifies technical performance by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
History reveals that the stocks that go on to make the biggest gains tend to have an 80 or higher RS Rating in the early stages of their moves.
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MGIC Investment is working on a double bottom with a 26.07 buy point. See if the stock can break out in heavy trading.
Earnings growth dropped in the most recent report from 20% to 7%. But revenue gains moved higher, from 3% to 6%. The company is expected to report its latest performance numbers on or around Apr. 30.
MGIC Investment holds the No. 19 rank among its peers in the Insurance-Property/Casualty/Title industry group. Goosehead Insurance Cl A, Skyward Specialty Ins and Investors Title 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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