The Relative Strength (RS) Rating for MGIC Investment jumped into a higher percentile Tuesday, as it got a lift from 68 to 77.
This unique rating measures technical performance by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
Over 100 years of market history reveals that the best stocks typically have an RS Rating of above 80 in the early stages of their moves. See if MGIC Investment can continue to rebound and clear that threshold.
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MGIC Investment is trying to complete a cup without handle with a 26.56 buy point. See if the stock can break out in heavy trade.
Earnings growth moved up last quarter from 13% to 20%, but sales fell from 5% to 3%. The next quarterly numbers are expected on or around Feb. 3.
MGIC Investment holds the No. 9 rank among its peers in the Insurance-Property/Casualty/Title industry group. AXIS Capital Holdings, RenaissanceRe Hldgs and Goosehead Insurance Cl A are among the top 5 highly rated stocks within the group.
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