The Relative Strength (RS) Rating for RLI Corp climbed into a new percentile Friday, with a rise from 77 to 83.
IBD's unique RS Rating identifies technical performance by showing how a stock's price action over the last 52 weeks measures up against that of other stocks on the major indexes.
History reveals that the stocks that go on to make the biggest gains often have an RS Rating of at least 80 as they begin their biggest climbs.
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RLI Corp is trying to complete a consolidation with a 91.14 entry. See if the stock can break out in heavy trading.
The relative strength line is currently in new high territory, a bullish sign of market leadership.
The company reported -47% earnings growth last quarter. Revenue increased 1%. The next quarterly results are expected on or around Apr. 16.
RLI Corp holds the No. 23 rank among its peers in the Insurance-Property/Casualty/Title industry group. Goosehead Insurance Cl A, Skyward Specialty Ins and Investors Title 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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