In a welcome move, Greif A saw its Relative Strength Rating rise from 69 to 76 on Thursday.
How To Invest In Stocks In Both Bull And Bear Markets
This exclusive rating from Investor's Business Daily measures share price action with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the last 52 weeks stacks up against all the other stocks in our database.
History reveals that the stocks that go on to make the biggest gains typically have an 80 or better RS Rating in the early stages of their moves. See if Greif A can continue to show renewed price strength and clear that threshold.
Greif A broke out earlier, but has fallen back below the prior 67.89 entry from a cup with handle. In the case where a stock breaks out then falls 7% or more below the entry price, it's considered a failed breakout. If that happens, it's best to wait for a new pattern to take shape. Also understand that the most recent consolidation is a later-stage base, and those involve more risk.
Earnings growth increased last quarter from -69% to 43%. But revenue gains fell from 5% to 1%. The next quarterly numbers are expected on or around Aug. 27.
The company earns the No. 4 rank among its peers in the Containers/Packaging industry group. Crown Holdings is the No. 1-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
RELATED:
Which Stocks Are Showing Rising Relative Strength?
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
