The Relative Strength (RS) Rating for RLI Corp entered a higher percentile Monday, as it got a lift from 69 to 75.
This exclusive rating from Investor's Business Daily measures share price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks stacks up against all the other stocks in our database.
History 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 biggest climbs. See if RLI Corp can continue to rebound and hit that benchmark.
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RLI Corp is now considered extended and out of buy range after clearing a 149.20 buy point in a first-stage flat base. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Earnings grew 115% last quarter, up from 48% in the prior report. Revenue also increased, from 9% to 42%.
RLI Corp earns the No. 6 rank among its peers in the Insurance-Property/Casualty/Title industry group. Mercury General, Intl General Insurance and Allstate are among the top 5 highly rated stocks within the group.
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