Mercury General (MCY) hits an all-time high with strong technical momentum, maintaining a 100% “Buy” opinion from Barchart and a Trend Seeker “Buy” signal. Shares have surged by 30% in the past year, with projected revenue growth, earnings rebound next year, and positive sentiment from investors.

Valued at $4.61 billion, MCY specializes in automobile insurance coverage, including bodily injury liability, uninsured motorist, and property damage. MCY stock has seen a 16.07% increase since the Trend Seeker “Buy” signal on Aug. 4, with an all-time high of $83.34 on Sept. 29.

MCY boasts a Weighted Alpha of +51.08 and remains above its moving averages. With a 100% “Buy” opinion from Barchart, the stock has gained 28.97% in the past year. Analysts see potential, issuing “Strong Buys” and a $100 price target. Financial advisory firms also back MCY’s growth and profitability.

Wall Street analysts and individual investors are bullish on MCY, with a $100 average price target. Value Line rates the stock “Highest,” while CFRA’s MarketScope Advisor and Morningstar have positive outlooks. Investors on Motley Fool and Seeking Alpha also support MCY’s growth and momentum.

Read more at Yahoo Finance: This Little-Known Stock Is Flying to New Record Highs