RLI Stock Near 52-Week High: What Investors Should Know?

Shares of RLI Corp. (RLI) closed at $151.38 on Friday, near its 52-week high of$155.59. This proximity underscores investor confidence. It has the ingredients for further price appreciation. Technical indicators for RLI show that the stock is trading above its 50-day and 200-day moving averages, signaling strong upward momentum. Earnings of RLI grew 18.7% in the last five years, better than the industry average of 10.5%. RLI has a solid surprise history. It surpassed earnings estimates in each of the last ...