Assurant had its Relative Strength (RS) Rating upgraded from 74 to 82 Tuesday.
IBD's proprietary rating identifies market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the last 52 weeks stacks up against all the other stocks in our database.
History shows that the best-performing stocks often have an 80 or higher RS Rating in the early stages of their moves.
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Assurant is trying to complete a flat base with a 230.55 buy point. See if it can break out in heavy volume.
Earnings growth increased last quarter from 9% to 13%, but the top line fell from 7% to 4%.
Assurant holds the No. 9 rank among its peers in the Insurance-Diversified industry group. Bowhead Specialty, Palomar Holdings and EverQuote 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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