On Tuesday, Silgan Holdings earned a positive adjustment to its Relative Strength (RS) Rating, from 70 to 76.
This unique rating identifies technical performance 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 best-performing stocks tend to have an RS Rating north of 80 as they begin their biggest price moves. See if Silgan Holdings can continue to show renewed price strength and clear that threshold.
When To Sell Stocks To Lock In Profits And Minimize Losses
Silgan Holdings is building a flat base with a 58.14 entry. See if the stock can clear the breakout price in heavy volume.
Silgan Holdings posted 4% earnings growth in the latest quarterly report. Sales gains came in at -3%. Keep an eye out for the company's next round of numbers on or around Jan. 29.
Silgan Holdings holds the No. 6 rank among its peers in the Containers/Packaging industry group. UFP Technologies, Pactiv Evergreen and Karat Packaging 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!
