Relative Strength Low Beta Packaging Name Nears Breakout
Crown (CCK) shares of the packaging leader are showing great relative strength the past two days in a tough market and as a lower beta consumer play that looks ready to run above monthly value after it closed at highs on Thursday just under 90. A move above that level can spark a breakout to 93 where there is a VPOC from last year and then potentially higher. Barclays was out last month saying CCK has reported four straight beats on share gains and margin execution, and its reasonable 2025 guidance should continue to support the bull thesis.