On Wednesday, Corebridge Financial earned a positive adjustment to its Relative Strength (RS) Rating, from 67 to 71.
When To Sell Stocks To Lock In Profits And Minimize Losses
IBD's unique RS Rating measures technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the last 52 weeks compares to other publicly traded companies.
Decades of market research reveals that the best stocks tend to have an RS Rating of above 80 as they launch their biggest runs. See if Corebridge Financial can continue to rebound and clear that threshold.
Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock is able to form a chart pattern and break out.
Earnings grew 20% last quarter, up from 5% in the prior report. Revenue also increased, from -38% to -26%.
The company holds the No. 5 rank among its peers in the Insurance-Life industry group. Globe Life is the top-ranked stock 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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