Credit: Shutterstock photoFibria Celulose ( FBR ) had its Relative Strength ( RS ) Rating upgraded from 89 to 92 Wednesday.
[ibd-display-video id=2368044 width=50 float=left autostart=true] IBD's unique RS Rating identifies 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 of over 80 at the beginning of a new climb.
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Fibria Celulose has moved more than 5% past a 12.05 entry in a first-stage cup without handle , meaning it's now out of a proper buy zone. Look for the stock to create a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week line.
Earnings grew 2,000% last quarter, up from 0% in the prior report. Revenue also increased, from 12% to 27%.
Fibria Celulose holds the No. 7 rank among its peers in the Paper & Paper Production industry group. Albany International ( AIN ), Packaging Corporation Of America ( PKG ) and Neenah Paper ( NP ) 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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
