On Wednesday, Hartford Financial got a positive adjustment to its Relative Strength (RS) Rating, from 69 to 72.
This proprietary rating tracks market leadership by showing how a stock's price movement 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 typically have an 80 or higher RS Rating as they launch their largest price moves. See if Hartford Financial can continue to show renewed price strength and clear that threshold.
When To Sell Stocks To Lock In Profits And Minimize Losses
While the stock is not near a proper buy zone right now, see if it goes on to form and break out of a proper consolidation.
While earnings growth fell in the company's most recently reported quarter from 33% to 10%, the top line grew 9%, up from 7% in the prior report. The next quarterly results are expected on or around Jan. 30.
The company holds the No. 9 rank among its peers in the Insurance-Diversified industry group. Palomar Holdings, Bowhead Specialty and Hamilton Insurance Cl B are among the top 5 highly rated stocks within the group.
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