High 3 Supplies Shares That Could Preserve You Up At Evening This Quarter – Silgan Hldgs (NYSE:SLGN), Packaging Corp of America (NYSE:PKG)

As of Nov. 29, 2024, three shares within the supplies sector might be flashing an actual warning to traders who worth momentum as a key standards of their buying and selling choices.

The RSI is a momentum indicator, which compares a inventory’s energy on days when costs go as much as its energy on days when costs go down. When in comparison with a inventory’s worth motion, it can provide merchants a greater sense of how a inventory could carry out within the quick time period. An asset is often thought-about overbought when the RSI is above 70, in accordance with Benzinga Professional.

Here is the newest listing of main overbought gamers on this sector.

SunCoke Vitality Inc SXC

• On Oct. 31, SunCoke Vitality reported better-than-expected third-quarter monetary outcomes. “Our home coke fleet continued working at full capability this quarter, and our logistics phase once more delivered robust outcomes,” mentioned Katherine Gates, President and CEO of SunCoke Vitality, Inc. The corporate’s inventory gained round 44% over the previous month and has a 52-week excessive of $12.82.
• RSI Worth: 70.02                              
• SXC Worth Motion: Shares of SunCoke Vitality gained 1.5% to shut at $12.48 on Wednesday.

Silgan Holdings Inc SLGN

• On Oct. 30, Silgan Hldgs posted downbeat quarterly outcomes. “Our third quarter outcomes continued to learn from the success of our long-term strategic progress initiatives, the facility of the Silgan portfolio and the energy and agility of our working groups,” mentioned Adam Greenlee, President and CEO. The corporate’s inventory gained round 12% over the previous month and has a 52-week excessive of $58.14.
• RSI Worth: 74.88
• SLGN Worth Motion: Shares of Silgan gained 0.5% to shut at $57.45 on Wednesday.

Packaging Corp Of America PKG

• On Oct. 22, Packaging Corp of America posted upbeat quarterly earnings. The corporate’s inventory gained round 9% over the previous month and has a 52-week excessive of $250.82.
• RSI Worth: 73.19
• PKG Worth Motion: Shares of Packaging Corp fell 0.4% to shut at $247.03 on Wednesday.

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