The Relative Strength (RS) Rating for Corebridge Financial climbed into a higher percentile Wednesday, as it got a lift from 69 to 78.
When To Sell Stocks To Lock In Profits And Minimize Losses
IBD's unique RS Rating identifies technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the best stocks often have an 80 or better RS Rating in the early stages of their moves. See if Corebridge Financial can continue to show renewed price strength and hit that benchmark.
Corebridge Financial is working on a consolidation with a 35.36 entry. See if the stock can clear the breakout price in volume at least 40% higher than normal.
The company reported 5% earnings growth in its most recent report, while sales growth came in at -18%.
The company earns the No. 7 rank among its peers in the Insurance-Life industry group. Prudential ADR, Brighthouse Financial 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.
RELATED:
Which Stocks Are Showing Rising Relative Strength?
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
