On Tuesday, O-I Glass got a positive adjustment to its Relative Strength (RS) Rating, from 80 to 84.
Hone Your Stock-Picking Skills By Focusing On These Factors
This exclusive rating from Investor's Business Daily tracks share price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 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 often have an 80 or better RS Rating in the early stages of their moves.
O-I Glass is not currently offering a proper buying opportunity. See if the stock goes on to form a promising consolidation that could kick off a new price move.
While earnings growth dropped last quarter from 0% to -11%, the top line grew -2%, up from -7% in the prior report.
O-I Glass earns the No. 8 rank among its peers in the Containers/Packaging industry group. Crown Holdings, Silgan Holdings and Karat Packaging 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.
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!
