Silgan Holdings saw a welcome improvement to its Relative Strength (RS) Rating on Wednesday, rising from 70 to 73.
IBD's proprietary RS Rating tracks market leadership by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners tend to have an 80 or higher RS Rating as they launch their largest price moves. See if Silgan Holdings can continue to show renewed price strength and hit that benchmark.
When To Sell Stocks To Lock In Profits And Minimize Losses
Silgan Holdings has climbed more than 5% past a 52.41 entry in a first-stage cup with handle, meaning it's now out of a proper buy range. Look for the stock to create a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
The company reported 4% earnings growth in its most recent report. Revenue gains came in at -3%.
Silgan Holdings holds the No. 5 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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