Stock Upgrades: Albany International Shows Rising Relative Strength

Albany International (AIN) had its Relative Strength (RS) Rating upgraded from 67 to 71 Thursday — a welcome improvement, but still shy of the 80 or better score you look for.


When looking for the best stocks to buy and watch, keep a close on eye on relative price strength.

IBD’s unique RS Rating measures 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 shows that the top-performing stocks typically have an RS Rating north of 80 in the early stages of their moves. See if Albany International can continue to show renewed price strength and clear that threshold.

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Albany International is now considered extended and out of buy range after clearing a 74.03 buy point in a first-stage cup with handle. See if the stock forms a new chart pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.

Although earnings and sales growth came in at -8% and -12%, respectively, in the latest report, that marked acceleration for both earnings-per-share and sales.

The company holds the No. 5 rank among its peers in the Paper & Paper Production industry group. Schweitzer Mauduit International (SWM) and Mercer International (MERC) are also among the group’s highest-rated stocks.


IBD Stock Rating Upgrades: Rising Relative Strength

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