WR Berkley saw a welcome improvement to its Relative Strength (RS) Rating on Wednesday, rising from 66 to 72.
This exclusive rating from Investor's Business Daily identifies 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 holds up against all the other stocks in our database.
History reveals that the best stocks typically have an RS Rating north of 80 in the early stages of their moves. See if WR Berkley can continue to rebound and clear that threshold.
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WR Berkley is building a flat base with a 65.49 entry. See if the stock can break out in volume at least 40% above average.
Earnings growth declined in the company's latest report from 37% to 3%, but the top line rose from 11% to 12%. The next quarterly results are expected on or around Jan. 27.
The company holds the No. 9 rank among its peers in the Insurance-Property/Casualty/Title industry group. AXIS Capital Holdings, Goosehead Insurance Cl A and Allstate are among the top 5 highly rated stocks within the group.
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