Stocks Showing Rising Market Leadership: Westrock Earns 83 RS Rating

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The Relative Strength ( RS ) Rating for Westrock ( WRK ) climbed into a new percentile Friday, with an increase from 79 to 83.

[ibd-display-video id=2881825 width=50 float=left autostart=true] This unique rating measures market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the last 52 weeks matches up against other publicly traded companies.

History shows that the best stocks often have an RS Rating north of 80 in the early stages of their moves.

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Westrock has climbed more than 5% past a 60.46 entry in a first-stage flat base , meaning it's now out of a proper buy zone. Look for the stock to offer a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week line.

Earnings grew 23% last quarter, up from 4% in the prior report. Revenue also increased, from 3% to 12%. The next quarterly results are expected on or around Jan. 24.

Westrock earns the No. 8 rank among its peers in the Paper & Paper Production industry group. Packaging Corporation Of America ( PKG ), Albany International ( AIN ) and Mercer International ( MERC ) 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 , WRK , PKG , AIN , MERC

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