One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Corebridge Financial stock cleared that benchmark Thursday, with a jump from 78 to 83 Thursday.
This exclusive rating from Investor's Business Daily measures share price action with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
History reveals that the best stocks tend to have an 80 or better RS Rating as they launch their biggest runs.
Looking For The Best Stocks To Buy And Watch? Start Here
Is Corebridge Financial Stock A Buy?
Corebridge Financial stock is in a buy zone after breaking past a 33.82 entry in a cup with handle. The proper buying range is up to 5% above the initial entry. Once a stock hits that benchmark, it's best to wait for it to set up another buying opportunity.
Earnings growth picked up last quarter from 9% to 31%. But revenue gains fell from -36% to -52%. Look for the next report on or around Feb. 12.
Corebridge Financial stock earns the No. 7 rank among its peers in the Insurance-Life industry group. Primerica, Globe Life and Brighthouse Financial are among the top 5 highly rated stocks within the group.
