On Tuesday, Smurfit Westrock cleared a key performance benchmark, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 83, up from 80 the day before.
This proprietary 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.
History reveals that the stocks that go on to make the biggest gains often have an 80 or better RS Rating in the early stages of their moves.
Looking For The Best Stocks To Buy And Watch? Start Here
Smurfit Westrock is trying to complete a flat base with a 56.99 buy point. See if the stock can break out in volume at least 40% above average.
Smurfit Westrock saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -51% to 0%. Revenue rose from -3% to 163%. Look for the next report on or around Feb. 5.
The company earns the No. 8 rank among its peers in the Containers/Packaging industry group. Pactiv Evergreen, UFP Technologies and Sylvamo are among the top 5 highly rated stocks within the group.
RELATED:
IBD Stock Rating Upgrades: Rising Relative Strength
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
