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In a welcome move, Sealed Air (SEE) saw its Relative Strength Rating rise from 65 to 74 on Wednesday. IBD's unique rating measures price action 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. Decades of market research reveals that the top-performing stocks typically have an RS Rating north of 80 in the early stages of their moves. See if Sealed Air can continue to rebound and clear that threshold. Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock manages to form a consolidation and break out. Earnings grew 10% last quarter, up from 7% in the prior report. Revenue also increased, from -1% to 0%. The company holds the No. 1 rank among its peers in the Containers/Packaging industry group. Crown Holdings (CCK) and Myers Industries (MYE) are also among the group's highest-rated stocks. This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
