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SiriusPoint (SPNT) saw a welcome improvement to its Relative Strength (RS) Rating on Tuesday, with an increase from 64 to 76. This unique rating identifies market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the last 52 weeks compares to other publicly traded companies. Over 100 years of market history shows that the best stocks often have an RS Rating of above 80 as they launch their biggest climbs. See if SiriusPoint can continue to rebound and hit that benchmark. SiriusPoint is trying to complete a consolidation with a 21.03 buy point. See if it can clear the breakout price in volume at least 40% higher than normal. Keep in mind that it's a later-stage consolidation, and those entail more risk. SiriusPoint saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -12% to 2,333%. Revenue rose from 1% to 34%. The company holds the No. 10 rank among its peers in the Insurance-Property/Casualty/Title industry group. Amer Integrity Ins (AII), HCI Group (HCI) and Heritage Insurance (HRTG) 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.
