Westrock Getting Closer To Key Technical Benchmark

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Westrock ( WRK ) had its Relative Strength ( RS ) Rating upgraded from 64 to 72 Friday -- a welcome improvement, but still short of the 80 or better score you prefer to see.

[ibd-display-video id=2102289 width=50 float=left autostart=true] This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the last 52 weeks holds up against all 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 80 or better RS Rating as they begin their biggest climbs. See if Westrock can continue to show renewed price strength and clear that threshold.

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Westrock is in a buy zone after clearing a 60.46 buy point in a flat base . Once a stock moves 5% or higher beyond the initial entry, it's considered extended and out of buy range.

Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 23%, compared to 4% in the prior report. Revenue increased from 3% to 12%.

Westrock holds the No. 10 rank among its peers in the Paper & Paper Production industry group. Albany International ( AIN ), Packaging Corporation Of America ( PKG ) 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: WRK , RS , AIN , PKG , MERC

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