One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Globe Life now clears that threshold, with a jump from 79 to 83 Monday.
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This proprietary rating measures technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
History reveals that the market's biggest winners tend to have an 80 or better RS Rating in the early stages of their moves.
Globe Life is still within a buy zone after climbing above a 133.76 entry in a consolidation. Once a stock moves 5% or higher beyond the initial entry, it's considered extended and out of buy range.
The company showed 10% earnings growth in the latest quarterly report, while sales growth came in at 3%.
Globe Life holds the No. 1 rank among its peers in the Insurance-Life industry group. Prudential ADR and Lincoln National are also among the group's highest-rated stocks.
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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