In a welcome move, Primerica saw its Relative Strength Rating rise from 66 to 71 on Wednesday.
IBD's unique RS Rating tracks technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the last 52 weeks matched up against all other stocks.
Over 100 years of market history reveals that the best-performing stocks often have an RS Rating north of 80 as they launch their largest runs. See if Primerica can continue to rebound and clear that threshold.
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Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock manages to offer and clear an appropriate buy point.
While earnings growth fell last quarter from 28% to 17%, sales rose 12%, up from 11% in the previous report.
Primerica holds the No. 2 rank among its peers in the Insurance-Life industry group. Lincoln National is the No. 1-ranked stock within the group.
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