Sun Life Stock Near 52-Week High: What Investors Should Know?

Shares of Sun Life Financial Inc. (SLF) closed at $56.08 on Friday, near its 52-week high of$56.16. 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 $51.38 and$51.58, 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 Sun Life grew 5.4% in the last five ...