On Wednesday, Crown Holdings stock received an upgrade to its Relative Strength (RS) Rating, from 76 to 86.
Risk Management In The Stock Market: How Much Money To Invest Now
This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the trailing 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners often have an RS Rating north of 80 in the early stages of their moves.
Is Crown Holdings Stock A Buy?
Crown Holdings stock is trading within a buy range after climbing above a 93.73 buy point in a double bottom. Once a stock moves 5% or higher beyond the original entry, it's considered out of buy range. Given the current market uncertainties, IBD recommends a cautious market exposure of 20-40%.
The relative strength has entered new high ground, a sign the stock is outperforming the general market in terms of price performance. .
In terms of fundamentals, the company has posted four quarters of increasing earnings growth. Sales growth has also moved higher during the same period.
Crown Holdings stock earns the No. 1 rank among its peers in the Containers/Packaging industry group. Silgan Holdings and Aptargroup 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.
