Institutional traders are buying Sun Life Financial off a bottom. The buying really started after RBC Capital Markets upgraded the company to an Outperform rating, from Sector Perform, and set a price target of $51. RBC Capital said that it sees signs of improvement and believes valuation for the stock is attractive.
Sun Life Financial Stock Chart
The chart of the company looks beautiful as it lifts off the bottom on rising buy side volume. The Effective Volume is rising and we had a Pocket Pivot signal today both which suggests institutional traders are buying:
The Twiggs Money Flow is exploding higher in the stock as well:
Founded in Canada in 1865, Sun Life has been a trusted name for generations. Today, Sun Life Financial serves millions of Clients in Canada, the United States, Asia, the U.K. and other parts of the world. Through a network of Sun Life advisors, 3rd-party partners and other distributors, we help Clients achieve lifetime financial security. From our foundation in Canada and international expansion reaching back to the 1880s, our range of protection and wealth management businesses supports our continued growth and a bright future ahead.
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