Sun Life Financial saw a welcome improvement to its Relative Strength (RS) Rating on Wednesday, with an upgrade from 69 to 76.
This proprietary rating identifies technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the last 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the stocks that go on to make the biggest gains typically have an 80 or better RS Rating as they launch their biggest price moves. See if Sun Life Financial can continue to show renewed price strength and clear that threshold.
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While it's not currently an ideal time to buy shares, see if the stock goes on to offer and clear an appropriate buy point.
Earnings growth rose last quarter from 10% to 11%, but the top line fell from 10% to 8%.
Sun Life Financial holds the No. 4 rank among its peers in the Insurance-Life industry group. Primerica is the top-ranked stock within the group.
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