One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Crown Holdings now clears that threshold, with a jump from 80 to 84 Tuesday.
IBD's proprietary RS Rating identifies market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the trailing 52 weeks matches up against the rest of the market.
History reveals that the best stocks tend to have an RS Rating north of 80 as they begin their biggest runs.
Looking For The Best Stocks To Buy And Watch? Start Here
While it's not currently an ideal time to invest, see if the stock manages to establish and enter a buy zone in heavy trade.
In terms of fundamentals, Crown Holdings has posted three quarters of rising earnings growth. Top line growth has also increased over the same time frame.
The company earns the No. 2 rank among its peers in the Containers/Packaging industry group. Pactiv Evergreen is the No. 1-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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!
