Erie Indemnity shows rising price performance with jump to 92 RS Rating


Erie Indemnity (ERIE) saw its relative strength rating (RS) drop from 89 to 92 on Friday.


When looking for the best stocks to buy and watch, be sure to pay attention to relative price strength. IBD’s unique rating tracks market leadership with a score from 1 (worst) to 99 (best). The score shows how a stock’s price behavior over the past 52 weeks holds up against all other stocks in our database.

History reveals that the stocks that make the biggest gains tend to have an RS rating of 80 or higher at the start of their moves.

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Although now is not the ideal time to invest, see if the stock continues to offer and clear an appropriate buy point.

The company saw its profits and sales increase in the last quarter. Earnings per share fell from -13% to -7%. Turnover rose from 4% to 7%. The next quarterly figures are expected on or around July 29.

The company ranks 6th among its peers in the Insurance Brokers industry group. Gallagher Arthur J & Cie (AJG), Brown & Brown (BROTHER) and Ryan Specialty (RIAN) are among the top 5 rated stocks in the group.


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