Banking

Packaging Giant Sealed Air Stock Earns Relative Strength Rating Upgrade To 81

One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Sealed Air (SEE) cleared that benchmark Thursday, with a jump from 77 to 81 Thursday.

The packaging giant ran up almost 20% since clearing a three-month consolidation. Sealed Air stock is now considered extended and out of buy range after clearing a 48.00 buy point in a first-stage flat base. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average. Read “Looking For The Next Big Stock Market Winners? Start With These 3 Steps” for more tips.

 




X



As you try to find the best stocks to buy and watch, keep a close on eye on relative price strength.

This exclusive rating from Investor’s Business Daily tracks share price performance with a 1 (worst) to 99 (best) score. The score shows how a stock’s price movement over the trailing 52 weeks stacks up against all the other stocks in our database.

Over 100 years of market history reveals that the market’s biggest winners often have an 80 or better RS Rating in the early stages of their moves.


See How IBD Helps You Make More Money In Stocks


 

Sealed Air’s earnings growth decreased in the company’s most recent report from 14% to 7%, but sales rose from 3% to 8%.

The packaging firm earns the No. 5 rank among its peers in the Containers/Packaging industry group. Crown (CCK) and Silgan (SLGN) are also among the group’s highest-rated stocks.

YOU MIGHT ALSO LIKE:

MarketSmith’s Tools Can Help The Individual Investor

IBD Live: A New Tool For Daily Stock Market Analysis

Profit From Short-Term Trends With SwingTrader

How To Research Growth Stocks: Why This IBD Tool Simplifies The Search For Top Stocks

 

Most Related Links :
Business News Governmental News Finance News

Source link

Back to top button