Hanover Insurance Grp saw a welcome improvement to its Relative Strength (RS) Rating on Wednesday, rising from 78 to 81.
This exclusive rating from Investor's Business Daily tracks price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history reveals that the best-performing stocks tend to have an RS Rating north of 80 as they launch their biggest price moves.
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Hanover Insurance Grp is building a flat base with a 166.13 entry. See if the stock can clear the breakout price in volume at least 40% higher than normal.
Earnings grew 1,505% last quarter, up from 0% in the prior report. Revenue also increased, from 2% to 3%. The next quarterly results are expected on or around Feb. 4.
Hanover Insurance Grp earns the No. 16 rank among its peers in the Insurance-Property/Casualty/Title industry group. AXIS Capital Holdings, Mercury General and Allstate are among the top 5 highly rated stocks within the group.
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