The Relative Strength (RS) Rating for Aon entered a new percentile Monday, with an increase from 78 to 81.
IBD's proprietary RS Rating measures market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the trailing 52 weeks matches up against the rest of the market.
Over 100 years of market history shows that the market's biggest winners typically have an RS Rating of over 80 as they begin their biggest price moves.
Looking For The Best Stocks To Buy And Watch? Start Here
Aon is now considered extended and out of buy range after clearing a 347.37 buy point in a first-stage consolidation. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
Aon saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 6% to 17%. Revenue rose from 18% to 26%.
The company earns the No. 2 rank among its peers in the Insurance-Brokers industry group. Ryan Specialty Holdings is the top-ranked stock within the group.
RELATED:
Stocks With Rising Relative Strength Ratings
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
