Manulife Financial had its Relative Strength (RS) Rating upgraded from 75 to 81 Wednesday.
This unique rating identifies market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history shows that the stocks that go on to make the biggest gains typically have an RS Rating of at least 80 in the early stages of their moves.
Hone Your Stock-Picking Skills By Focusing On These Factors
Manulife Financial is trying to complete a consolidation with a 33.07 entry. See if it can break out in heavy trading.
Earnings growth picked up last quarter from 9% to 12%. But sales fell from 60% to -13%.
Manulife Financial earns the No. 8 rank among its peers in the Insurance-Diversified industry group. Palomar Holdings, Bowhead Specialty and EverQuote are among the top 5 highly rated stocks within the group.
RELATED:
Stocks With Rising Relative Strength Ratings
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
