Sun Life Stock Near 52-Week High: Is This Your Buy Signal?

Shares of Sun Life Financial Inc. (SLF) closed at $57.44 on Monday, near its 52-week high of$58.51. This proximity underscores investor confidence. It has the ingredients for further price appreciation. The stock is trading above the 50-day and 200-day simple moving average (SMA) of $54.61 and$52.24, respectively, indicating solid upward momentum. SMA is a widely used technical analysis tool to predict future price trends by analyzing historical price data. Earnings of the life insurer grew 5.4% in the la ...