Crown Holdings had its Relative Strength (RS) Rating upgraded from 67 to 71 Friday — a welcome improvement, but still shy of the 80 or higher score you prefer to see.
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IBD's proprietary RS Rating identifies market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the last 52 weeks compares to the rest of the market.
History reveals that the best stocks typically have an RS Rating north of 80 in the early stages of their moves. See if Crown Holdings can continue to show renewed price strength and clear that threshold.
Crown Holdings has climbed more than 5% past a 93.73 entry in a first-stage double bottom, meaning it's now out of a proper buy range. Look for the stock to offer a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week line.
Crown Holdings posted 19% EPS growth in its most recent report, while sales growth came in at 4%.
The company holds the No. 1 rank among its peers in the Containers/Packaging industry group. Myers Industries and Greif A are also among the group's highest-rated stocks.
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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