In a welcome move, Voya Financial saw its Relative Strength Rating improve from 69 to 72 on Thursday.
IBD's proprietary RS Rating tracks technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the trailing 52 weeks compares to the rest of the market.
Over 100 years of market history reveals that the market's biggest winners typically have an 80 or higher RS Rating in the early stages of their moves. See if Voya Financial can continue to show renewed price strength and clear that threshold.
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Voya Financial has climbed more than 5% past a 71.64 entry in a first-stage cup with handle, meaning it's now out of a proper buy zone. Look for the stock to offer a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week line.
Voya Financial posted -1% earnings growth last quarter, while sales growth came in at 9%. Keep an eye out for the company's next round of numbers on or around Nov. 4.
Voya Financial holds the No. 5 rank among its peers in the Insurance-Life industry group. Primerica is the top-ranked stock within the group.
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