One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Erie Indemnity Cl A just hit that mark, with a jump from 67 to 84 Friday.
This unique rating tracks technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the trailing 52 weeks matches up against the rest of the market.
Decades of market research shows that the best stocks often have an 80 or higher RS Rating in the early stages of their moves.
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While Erie Indemnity Cl A is not near an ideal buy point right now, see if it manages to form and break out from a proper base.
Earnings growth picked up last quarter from 22% to 37%. But revenue gains fell from 16% to 13%. The company is expected to report its latest earnings and sales numbers on or around Apr. 24.
Erie Indemnity Cl A earns the No. 3 rank among its peers in the Insurance-Brokers industry group. Kingstone 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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