One important metric to look for in a stock is an 80 or higher Relative Strength Rating. O-I Glass cleared that benchmark Friday, with a jump from 77 to 81 Friday.
Hone Your Stock-Picking Skills By Focusing On These Factors
IBD's proprietary rating tracks price movement with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
Decades of market research reveals that the best stocks typically have an RS Rating north of 80 as they launch their biggest runs.
O-I Glass is trying to complete a cup with handle with a 14.34 buy point. See if it can clear the breakout price in volume at least 40% higher than normal.
Earnings-per-share growth fell last quarter from 0% to -11%, but revenue rose from -7% to -2%.
The company holds the No. 9 rank among its peers in the Containers/Packaging industry group. Crown Holdings, Karat Packaging and Silgan Holdings 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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