On Monday, Unum Group reached an important technical milestone, with its Relative Strength (RS) Rating rising into the 80-plus percentile with an upgrade to 81, a rise from 78 the day before.
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This proprietary rating identifies 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.
Decades of market research reveals that the market's biggest winners typically have an 80 or better RS Rating in the early stages of their moves.
Unum Group is trying to complete a consolidation with an 84.48 buy point. See if the stock can clear the breakout price in volume at least 40% higher than normal.
Unum Group posted negative growth for both the top and bottom lines last quarter. The company is expected to release its next quarterly numbers on or around Jul. 29.
Unum Group holds the No. 1 rank among its peers in the Insurance-Accident & Healthcare industry group. Unum Group and Aflac 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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