On Tuesday, Silgan Holdings got a positive adjustment to its Relative Strength (RS) Rating, from 70 to 76.
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 typically have an RS Rating of above 80 in the early stages of their moves. See if Silgan Holdings can continue to rebound and hit that benchmark.
When To Sell Stocks To Lock In Profits And Minimize Losses
Silgan Holdings is still within a buy range after clearing a 52.74 buy point in a cup with handle. The proper buying range extends to 5% above the initial entry. Once a stock hits that benchmark, it's best to hold off investing and wait for it to set up another buying opportunity..
The company reported 4% earnings growth in its most recent report. Revenue rose -3%.
Silgan Holdings holds the No. 3 rank among its peers in the Containers/Packaging industry group. UFP Technologies is the No. 1-ranked stock within the group.
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