On Wednesday, Graphic Packaging stock earned a positive adjustment to its Relative Strength (RS) Rating, from 77 to 82.

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

This exclusive rating from Investor's Business Daily measures share price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the trailing 52 weeks holds up against all the other stocks in our database.

History reveals that the best-performing stocks typically have an 80 or better RS Rating as they launch their biggest runs.

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Is Graphic Packaging Stock A Buy?

The IBD 50 stock broke out earlier, but is now approximately 3% below the prior 24.17 entry from a consolidation. If a stock you're tracking clears a buy point then declines 7% or more below the original entry price, it's considered a failed base. Wait for the stock to set up and breakout from a new base and buy point. Also keep in mind that the latest consolidation is a later-stage base, which makes it riskier to establish a new position or add shares to an existing one.

Earnings growth fell last quarter from 108% to 79%, but sales rose from 36% to 38%. Look for the next report on or around Feb. 7.

Graphic Packaging stock earns the No. 1 rank among its peers in the Paper & Paper Production industry group.

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