When building your watch list, focus on stocks with an 80 or higher RS Rating. UFP Technologies now meets that criteria, with a jump from 78 to 83 Wednesday.
IBD's unique rating tracks price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the market's biggest winners typically have an RS Rating north of 80 in the early stages of their moves.
Hone Your Stock-Picking Skills By Focusing On These Factors
UFP Technologies is working on a consolidation with a 366.41 entry. See if the stock can clear the breakout price in heavy volume. Keep in mind that it's a later-stage consolidation, and those entail more risk.
In terms of top and bottom line numbers, UFP Technologies has posted two quarters of accelerating earnings growth. Revenue gains have also moved higher over the same time frame.
The company earns the No. 1 rank among its peers in the Containers/Packaging industry group. Pactiv Evergreen and Sylvamo are also among the group's highest-rated stocks.
RELATED:
IBD Stock Rating Upgrades: Rising Relative Strength
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
