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Reinsurance Group Of America Clears Technical Benchmark, Hitting 80-Plus RS Rating

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The Relative Strength ( RS ) Rating for Reinsurance Group Of America ( RGA ) entered a new percentile Monday, with a rise from 79 to 83.

[ibd-display-video id=2368044 width=50 float=left autostart=true] This exclusive rating from Investor's Business Daily identifies price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks stacks up against all the other stocks in our database.

History reveals that the market's biggest winners tend to have an 80 or better RS Rating in the early stages of their moves.

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Reinsurance Group Of America is now considered extended and out of buy range after clearing a 141.99 buy point in a first-stage flat base . See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.

Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 40%, compared to 5% in the prior report. Revenue increased from 3% to 8%.

The company earns the No. 3 rank among its peers in the Insurance-Life industry group. Primerica ( PRI ) is the No. 1-ranked stock within the group.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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