On Friday, American Intl Group got an upgrade to its Relative Strength (RS) Rating, from 80 to 83.
This unique rating tracks technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the last 52 weeks matches up against that of all other stocks.
Over 100 years of market history shows that the best-performing stocks often have an RS Rating north of 80 as they launch their biggest climbs.
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American Intl Group is within a buy range after breaking past a 79.95 entry in a flat base. The proper buying range extends to 5% above the initial entry. Once a stock hits that benchmark, it's best to wait for it to set up another buying opportunity.
Earnings growth fell last quarter from 19% to 2%. But revenue gains moved higher, from -7% to 10%.
American Intl Group earns the No. 5 rank among its peers in the Insurance-Diversified industry group. Palomar Holdings is the top-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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