O-I Glass saw a positive improvement to its Relative Strength (RS) Rating on Friday, with an upgrade from 68 to 74.
IBD's unique rating measures market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history reveals that the top-performing stocks often have an RS Rating north of 80 as they begin their largest price moves. See if O-I Glass can continue to show renewed price strength and clear that threshold.
When To Sell Stocks To Lock In Profits And Minimize Losses
O-I Glass is not currently offering a proper buying opportunity. See if the stock goes on to form a chart pattern that could launch a new move.
The company reported 0% earnings growth in the latest quarterly report, while sales growth came in at -7%.
The company holds the No. 12 rank among its peers in the Containers/Packaging industry group. Pactiv Evergreen, Crown Holdings and Karat Packaging are among the top 5 highly rated stocks 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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