Smurfit Westrock had its Relative Strength (RS) Rating upgraded from 79 to 83 Thursday.
IBD's proprietary rating tracks share price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks compares to all the other stocks in our database.
Over 100 years of market history reveals that the best stocks often have an RS Rating north of 80 as they begin their biggest price moves.
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Smurfit Westrock is now considered extended and out of buy range after clearing a 47.59 buy point in a first-stage cup with handle. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
Earnings grew 0% last quarter, up from -51% in the prior report. Revenue also increased, from -3% to 163%.
Smurfit Westrock earns the No. 9 rank among its peers in the Containers/Packaging industry group. UFP Technologies, Sylvamo and Silgan Holdings are among the top 5 highly rated stocks within the group.
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