Palomar Holdings Getting Closer To Key Technical Measure

In a welcome move, Palomar Holdings (PLMR) saw its Relative Strength Rating rise from 67 to 72 on Monday.


As you try to find the best stocks to buy and watch, keep a close on eye on relative price strength.

IBD’s unique RS Rating identifies technical performance by showing how a stock’s price movement over the last 52 weeks compares to that of the other stocks in our database.

History reveals that the best stocks often have an 80 or higher RS Rating in the early stages of their moves. See if Palomar Holdings can continue to show renewed price strength and hit that benchmark.

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Palomar stock is forming the right side of a first-stage cup with handle, having re-set the count by undercutting the low of the previous pattern. While not a buy right now, one to keep an eye on.

While EPS growth fell in the company’s most recently reported quarter from 46% to -2%, the top line grew 34%, up from 30% in the prior report.

Palomar stock holds the No. 3 rank among its peers in the Insurance-Diversified industry group. American National (ANAT) is also among the group’s highest-rated stocks.


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