On Thursday, MGIC Investment received a positive adjustment to its Relative Strength (RS) Rating, from 68 to 71.
IBD's unique RS Rating measures technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the trailing 52 weeks compares to the rest of the market.
Decades of market research shows that the top-performing stocks often have an RS Rating north of 80 as they launch their biggest climbs. See if MGIC Investment can continue to rebound and hit that benchmark.
Can You Really Time The Stock Market?
While now is not an ideal time to jump in, see if the stock manages to offer and clear a proper buy point.
While sales growth fell last quarter from 5% to 3%, earnings-per-share grew 20%, up from 13% in the prior report.
MGIC Investment holds the No. 24 rank among its peers in the Insurance-Property/Casualty/Title industry group. Kinsale Capital Group, Mercury General and AXIS Capital Holdings are among the top 5 highly rated stocks within the group.
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