The Relative Strength (RS) Rating for International Paper entered a new percentile Friday, as it got a lift from 68 to 73.
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This proprietary rating measures market leadership by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains tend to have an 80 or higher RS Rating in the early stages of their moves. See if International Paper can continue to rebound and clear that threshold.
International Paper is not currently near a potential buy zone. See if the stock goes on to form a sound pattern that could launch a new move.
While revenue growth fell last quarter from 2% to 0%, the bottom line grew 0%, up from -31% in the previous report. The company is expected to report its latest results on or around Apr. 30.
International Paper holds the No. 2 rank among its peers in the Paper & Paper Production industry group. Packaging Corp Amer 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.
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