Kapstone Paper & Packaging Gets Technical Rating Upgrade

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On Monday, Kapstone Paper & Packaging ( KS ) received a positive adjustment to its Relative Strength ( RS ) Rating , from 67 to 74.

[ibd-display-video id=2368044 width=50 float=left autostart=true] This proprietary rating measures technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.

Decades of market research reveals that the stocks that go on to make the biggest gains often have an RS Rating north of 80 as they launch their largest price moves. See if Kapstone Paper & Packaging can continue to rebound and clear that threshold.

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Kapstone Paper & Packaging has moved more than 5% past a 25.08 entry in a first-stage consolidation , meaning it's now out of a proper buy zone. Look for the stock to create a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week moving average.

In terms of fundamentals, Kapstone Paper & Packaging has posted two quarters of accelerating earnings growth. Top line growth has also moved higher during the same period. The company is expected to release its next quarterly numbers on or around Feb. 8.

The company earns the No. 11 rank among its peers in the Paper & Paper Production industry group. Packaging Corporation Of America ( PKG ), Albany International ( AIN ) and Schweitzer Mauduit International ( SWM ) are among the top 5 highly rated stocks within the group.


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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: RS , PKG , AIN , SWM

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