Cigna had its Relative Strength (RS) Rating upgraded from 89 to 92 Friday.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength. This proprietary rating measures technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the trailing 52 weeks matches up against other publicly traded companies.
History shows that the best stocks often have an RS Rating of at least 80 in the early stages of their moves.
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Is Cigna Stock A Buy?
The IBD 50 stock is working on a cup with handle with a 270.07 entry. See if it can clear the breakout price in volume at least 40% higher than normal. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The managed care firm showed 27% earnings growth in its most recent report, while sales growth came in at 7%.
Cigna stock holds the No. 5 rank among its peers in the Medical-Managed Care industry group. Anthem and Centene are among the top 5 highly rated stocks within the group.
