On Thursday, Cincinnati Financial reached an important technical milestone, with its Relative Strength (RS) Rating moving into the 80-plus percentile with an improvement to 83, a rise from 77 the day before.
IBD's proprietary rating tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history shows that the best stocks often have an RS Rating north of 80 in the early stages of their moves.
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Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock manages to establish and enter a buy zone in heavy trade.
Earnings growth rose last quarter from -14% to 38%. But sales fell from 83% to -24%. Keep an eye out for the company's next round of numbers on or around Apr. 28.
The company earns the No. 25 rank among its peers in the Insurance-Property/Casualty/Title industry group. Goosehead Insurance Cl A, Investors Title and Skyward Specialty Ins 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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