Silgan Holdings had its Relative Strength (RS) Rating upgraded from 68 to 72 Wednesday — a welcome improvement, but still below the 80 or better score you look for.
When To Sell Stocks To Lock In Profits And Minimize Losses
This proprietary rating measures technical performance by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
Decades of market research shows that the best stocks tend to have an RS Rating of over 80 as they launch their largest runs. See if Silgan Holdings can continue to show renewed price strength and clear that threshold.
Silgan Holdings is working on a consolidation with a 58.14 buy point. See if the stock can break out in volume at least 40% above average.
While earnings growth fell in the company's most recently reported quarter from 35% to 19%, revenue rose 11%, up from 5% in the previous report.
Silgan Holdings holds the No. 2 rank among its peers in the Containers/Packaging industry group. Crown Holdings is the top-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:
IBD Stock Rating Upgrades: 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!
