Manulife Financial had its Relative Strength (RS) Rating upgraded from 69 to 79 Monday — a welcome improvement, but still shy of the 80 or higher score you look for.
IBD's unique RS Rating identifies market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the trailing 52 weeks compares to the rest of the market.
Decades of market research shows that the market's biggest winners typically have an 80 or better RS Rating as they launch their biggest climbs. See if Manulife Financial can continue to rebound and clear that threshold.
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Manulife Financial is not currently near a potential buy zone. See if the stock goes on to form a promising consolidation that could launch a new move.
Earnings growth picked up last quarter from 9% to 12%. But revenue gains fell from 60% to -13%. The company is expected to report its latest performance numbers on or around May 7.
Manulife Financial earns the No. 10 rank among its peers in the Insurance-Diversified industry group. Bowhead Specialty, Palomar Holdings and EverQuote are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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