Kinsale Capital Group saw a positive improvement to its Relative Strength (RS) Rating on Tuesday, rising from 79 to 82.
IBD's proprietary RS Rating identifies technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the trailing 52 weeks matches up against the rest of the market.
History reveals that the stocks that go on to make the biggest gains typically have an RS Rating of over 80 in the early stages of their moves.
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The IBD 50 stock is working on a cup with handle with a 531.79 entry. See if the stock can break out in volume at least 40% higher than normal. Note that it's a -stage base. Such patterns can work and do sometimes launch nice runs, but, statistically, they're more likely to fail than earlier-stage consolidations.
Kinsale Capital Group showed 19% EPS growth last quarter. Sales increased 17%. The next quarterly results are expected on or around Apr. 24.
The company holds the No. 3 rank among its peers in the Insurance-Property/Casualty/Title industry group. Goosehead Insurance Cl A 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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