Breakout Trade in KNSLKinsale Capital Group (KNSL) is a mid-cap property and casualty insurance provider currently breaking out into new high ground.
The insurance group is ranked in the top 10% on the basis of relative strength. In other words, insurance stocks are outperforming 90% of the market. And Kinsale is the #1 name in the group in terms of earning per share, relative strength, volume accumulation, and its overall composite ranking on MarketSmith.
The chart shows a textbook volatility compression pattern from January to present with shallowing pullbacks and a relative strength line that has been trending higher all year.
Fundamentals are also strong with >50% earnings growth in each of the last four quarters.
Consider buying this leading stock here as it makes new highs.
