Greif A saw a positive improvement to its Relative Strength (RS) Rating on Wednesday, with an increase from 75 to 85.
Hone Your Stock-Picking Skills By Focusing On These Factors
This exclusive rating from Investor's Business Daily identifies price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database.
Decades of market research shows that the best stocks tend to have an RS Rating north of 80 as they launch their biggest price moves.
Greif A is still within a buy zone after climbing above a 67.89 buy point in a cup with handle. The proper buying range extends to 5% above the initial entry. Once a stock hits that benchmark, it's best to hold off investing and wait for it to set up another buying opportunity.
Earnings growth picked up last quarter from -69% to 43%. But revenue gains fell from 5% to 1%.
The company holds the No. 7 rank among its peers in the Containers/Packaging industry group. Crown Holdings, Silgan Holdings and UFP Technologies are among the top 5 highly rated stocks 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.
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