One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Manulife Financial now clears that threshold, with a jump from 77 to 81 Monday.
This exclusive rating from Investor's Business Daily tracks price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
History shows that the market's biggest winners typically have an RS Rating north of 80 in the early stages of their moves.
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Manulife Financial is trying to complete a consolidation with a 33.07 buy point. See if the stock can break out in volume at least 40% higher than normal.
Earnings growth picked up last quarter from 9% to 12%. But revenue gains fell from 60% to -13%.
Manulife Financial earns the No. 8 rank among its peers in the Insurance-Diversified industry group. Bowhead Specialty, EverQuote and Palomar Holdings 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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