Graphic Packaging Hits 80-Plus Relative Strength Rating Benchmark

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Graphic Packaging ( GPK ) had its Relative Strength ( RS ) Rating upgraded from 79 to 82 Wednesday.

[ibd-display-video id=2385970 width=50 float=left autostart=true] IBD's proprietary RS Rating measures 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.

Over 100 years of market history reveals that the stocks that go on to make the biggest gains often have an RS Rating north of 80 in the early stages of their moves.

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Graphic Packaging has moved more than 5% past a 14.28 entry in a first-stage flat base , meaning it's now out of a proper buy range. Look for the stock to offer a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week moving average.

Earnings grew -10% last quarter, up from -21% in the prior report. Revenue also increased, from -1% to 3%.

The company earns the No. 10 rank among its peers in the Paper & Paper Production industry group. Albany International ( AIN ), Packaging Corporation Of America ( PKG ) and Schweitzer Mauduit International ( SWM ) are among the top 5 highly rated stocks within the group.


IBD Stock Rating Upgrades: Rising Relative Strength

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Stocks
Referenced Symbols: GPK , RS , AIN , PKG , SWM

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