The Relative Strength (RS) Rating for Allstate headed into a new percentile Tuesday, as it got a lift from 63 to 76.
This exclusive rating from Investor's Business Daily measures share price movement with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the last 52 weeks compares to all the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners typically have an RS Rating of above 80 as they launch their largest price moves. See if Allstate can continue to rebound and clear that threshold.
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Allstate is working on a consolidation with a 209.88 buy point. See if the stock can clear the breakout price in volume at least 40% higher than normal.
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 383%, compared to 0% in the prior report. Revenue increased from 12% to 15%. Keep an eye out for the company's next round of numbers on or around Feb. 5.
Allstate earns the No. 4 rank among its peers in the Insurance-Property/Casualty/Title industry group. AXIS Capital Holdings is the No. 1-ranked stock within the group.
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