When putting together your watch list, focus on stocks with an 80 or higher RS Rating. CNA Financial is one stock that just reached the mark, now earning a score of 84.
This exclusive rating from Investor's Business Daily identifies share price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the last 52 weeks holds up against all the other stocks in our database.
History reveals that the top-performing stocks often have an RS Rating of above 80 as they begin their biggest price moves.
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CNA Financial broke out earlier, but has fallen back below the prior 48.77 entry from a cup with handle. If a stock you're tracking clears a buy point then declines 7% or more below the original entry price, it's considered a failed base. Wait for the stock to set up and breakout from a new base and entry price. Also keep in mind that the latest pattern is a later-stage base, and those involve more risk.
CNA Financial showed -6% EPS growth last quarter. Sales gains came in at 5%.
The company holds the No. 22 rank among its peers in the Insurance-Property/Casualty/Title industry group. Goosehead Insurance Cl A, Root Cl A and Investors Title are among the top 5 highly rated stocks 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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