On Tuesday, Smurfit Westrock received an upgrade to its Relative Strength (RS) Rating, from 76 to 81.
This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the last 52 weeks compares to all the other stocks in our database.
Decades of market research shows that the market's biggest winners 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%.
The company holds the No. 8 rank among its peers in the Containers/Packaging industry group. UFP Technologies, Sylvamo and Aptargroup are among the top 5 highly rated stocks within the group.
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