On Wednesday, Reinsurance Grp America hit an important technical milestone, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 81, up from 76 the day before.
This proprietary rating tracks technical performance by showing how a stock's price action over the last 52 weeks compares to that of other stocks on the major indexes.
Decades of market research shows that the market's biggest winners often have an RS Rating of at least 80 as they begin their biggest climbs.
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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 a proper buy point.
The company showed 10% earnings growth in its most recent report, while sales growth came in at 10%.
The company earns the No. 2 rank among its peers in the Insurance-Life industry group. Primerica is the top-ranked stock within the group.
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