The Relative Strength (RS) Rating for Lincoln National entered a new percentile Thursday, with a rise from 78 to 82.
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IBD's unique RS Rating measures technical performance by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
History shows that the top-performing stocks typically have an RS Rating of over 80 in the early stages of their moves.
Lincoln National is still inside a buy zone after clearing a 39.85 buy point in a consolidation. The proper buying range extends to 5% above the initial entry. Once a stock moves above that range, it's best to wait for it to set up another buying opportunity.
Lincoln National posted 26% EPS growth in the latest quarterly report, while sales growth came in at -22%.
Lincoln National earns the No. 3 rank among its peers in the Insurance-Life industry group. Globe Life is the No. 1-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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