On Monday, Radian Group received a positive adjustment to its Relative Strength (RS) Rating, from 70 to 73.
IBD's proprietary RS Rating identifies market leadership by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research shows that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 as they launch their largest price moves. See if Radian Group can continue to show renewed price strength and hit that benchmark.
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Radian Group is trying to complete a flat base with a 33.69 entry. See if it can break out in volume at least 40% above average.
Earnings growth increased in the company's latest report from -9% to 5%, but the top line fell from 4% to 3%.
The company earns the No. 8 rank among its peers in the Finance-Mortgage & Related Services industry group. Velocity Financial, NMI Holdings and Guild Holdings are among the top 5 highly rated stocks within the group.
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