Lincoln National saw a welcome improvement to its Relative Strength (RS) Rating on Thursday, rising from 80 to 87.
This unique rating measures technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of other stocks on the major indexes.
Decades of market research reveals that the top-performing stocks often have an RS Rating of over 80 as they launch their biggest runs.
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Lincoln National is now considered extended and out of buy range after clearing a 34.26 buy point in a first-stage cup with handle. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
In terms of fundamentals, the company has posted rising EPS growth in each of the last two reports. Sales gains have been less impressive, coming in at -2% in the latest report.
Lincoln National holds the No. 11 rank among its peers in the Insurance-Life industry group. Primerica, Reinsurance Grp America and F&G Annuities & Life are among the top 5 highly rated stocks within the group.
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