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The Relative Strength (RS) Rating for Amcor (AMCR) stock entered a new percentile Friday, with a rise from 74 to 82.
When you’re researching the best stocks to buy and watch, be sure to pay attention to relative price strength.
This exclusive rating from Investor’s Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock’s price performance over the last 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the market’s biggest winners typically have an RS Rating north of 80 as they begin their biggest price moves.
Looking For The Best Stocks To Buy And Watch? Start Here
Is Amcor Stock A Buy?
Amcor stock is working on a saucer-shaped pattern with a 13.47 buy point. See if it can clear the breakout price in volume at least 40% higher than normal. Read “Looking For The Next Big Stock Market Winners? Start With These 3 Steps” for more tips.
The packaging firm showed 0% EPS growth in its most recent report. Revenue gains came in at 9%.
Amcor stock earns the No. 12 rank among its peers in the Containers/Packaging industry group. Myers Industries (MYE) and Pactiv Evergreen (PTVE) are also among the group’s highest-rated stocks.
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Image and article originally from www.investors.com. Read the original article here.