Corebridge Financial had its Relative Strength (RS) Rating upgraded from 72 to 82 Friday.
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This proprietary rating measures technical performance by showing how a stock's price action over the last 52 weeks measures up against that of other stocks on the major indexes.
History shows that the best-performing stocks tend to have an 80 or better RS Rating as they begin their biggest price moves.
Corebridge Financial is still inside a buy zone after moving past a 35.36 buy point in a consolidation. Once a stock moves 5% or higher beyond the original entry, it's considered out of buy range.
Corebridge Financial showed 5% earnings growth last quarter, while sales growth came in at -18%.
Corebridge Financial earns the No. 7 rank among its peers in the Insurance-Life industry group. Prudential ADR, Sun Life 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.
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