On Friday, Sun Life Financial received a positive adjustment to its Relative Strength (RS) Rating, from 79 to 82.
IBD's proprietary rating identifies price action with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the last 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history shows that the best-performing stocks typically have an RS Rating north of 80 in the early stages of their moves.
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Sun Life Financial is building a flat base with a 62.85 buy point. See if it can clear the breakout price in volume at least 40% above average.
Earnings growth dropped last quarter from 11% to 0%. But revenue gains moved higher, from 8% to 12%.
Sun Life Financial holds the No. 8 rank among its peers in the Insurance-Life industry group. Primerica, Prudential ADR and Globe Life 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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