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Breakout Trade in KNSL

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NYSE:KNSL   Kinsale Capital Group, Inc.
Kinsale 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.

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