On Monday, Baldwin Insurance Cl A reached a noteworthy technical benchmark, with its Relative Strength (RS) Rating jumping into the 80-plus percentile with an improvement to 81, a rise from 77 the day before.
This exclusive rating from Investor's Business Daily tracks share price movement with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the last 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history reveals that the best stocks tend to have an RS Rating of over 80 in the early stages of their moves.
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Baldwin Insurance Cl A has moved more than 5% past a 30.84 entry in a second-stage cup without handle, meaning it's now out of a proper buy range. Look for the stock to create a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week line.
Earnings grew 93% last quarter, up from 14% in the prior report. Revenue also increased, from 11% to 16%.
The company earns the No. 3 rank among its peers in the Insurance-Brokers industry group. Ryan Specialty Holdings is the No. 1-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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