Hanover Insurance Grp had its Relative Strength (RS) Rating upgraded from 69 to 74 Thursday — a welcome improvement, but still shy of the 80 or higher score you prefer to see.
This proprietary rating tracks market leadership by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
History reveals that the top-performing stocks tend to have an 80 or better RS Rating as they launch their largest runs. See if Hanover Insurance Grp can continue to rebound and hit that benchmark.
When To Sell Stocks To Lock In Profits And Minimize Losses
Hanover Insurance Grp has climbed more than 5% past a 138.30 entry in a first-stage cup without handle, meaning it's now out of a proper buy range. Look for the stock to offer a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week line.
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 1,505%, compared to 0% in the prior report. Revenue increased from 2% to 3%.
Hanover Insurance Grp earns the No. 20 rank among its peers in the Insurance-Property/Casualty/Title industry group. Mercury General, HCI Group and Goosehead Insurance Cl A are among the top 5 highly rated stocks within the group.
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