Sylvamo stock had its Relative Strength (RS) Rating upgraded from 88 to 91 Monday.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength. This unique rating identifies market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the last 52 weeks matches up against other publicly traded companies.
History shows that the best stocks tend to have an RS Rating of above 80 as they launch their biggest climbs.
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Is Sylvamo Stock A Buy?
Sylvamo stock is trying to complete a cup without handle with a 53.10 buy point. See if the stock can clear the breakout price in heavy volume. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
While the packaging company's top line growth fell last quarter from 32% to 31%, EPS grew 66%, up from 56% in the prior report.
Sylvamo stock holds the No. 8 rank among its peers in the Containers/Packaging industry group. Sonoco Products, Greif and Greif are among the top 5 highly rated stocks within the group.
