International Paper had its Relative Strength (RS) Rating upgraded from 86 to 94 Friday.
This exclusive rating from Investor's Business Daily tracks share price action with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks compares to all the other stocks in our database.
History reveals that the market's biggest winners tend to have an RS Rating of at least 80 at the beginning of a new price run.
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International Paper has risen more than 5% past a 50.68 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 get in like a three-weeks tight or pullback to the 50-day or 10-week line.
EPS growth declined last quarter from -7% to -31%, but sales rose from 1% to 2%.
The company holds the No. 3 rank among its peers in the Paper & Paper Production industry group. Packaging Corp Amer is the top-ranked stock within the group.
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