Why O-I Glass (OI) Could Be Your Next Winning Trade

If you’re into trend-following strategies, O-I Glass stock might deserve a closer look. The momentum approach is straightforward: ride the wave of upward price movements, timing entries and exits to maximize gains. The trick is identifying which stocks have genuine staying power versus temporary spikes.

The Numbers Tell an Interesting Story

Let’s talk about what makes OI stand out. First, the earnings picture has been improving. In the past 60 days, upward revisions outnumbered downgrades—one higher estimate versus zero lower ones for the full year. This shift actually bumped the consensus earnings forecast from $1.57 to $1.60. Looking ahead to next fiscal year, we’re seeing 2 upward moves and still zero downward revisions. This trajectory matters when you’re evaluating stock quality.

Now for the price action. OI has delivered serious returns recently: up 36.49% over the past three months and 48.5% over the trailing year. Compare that to the S&P 500’s 3.32% quarterly gain and 17.49% annual return, and you get a sense of the outperformance. Even on shorter timeframes, OI is beating its peers—weekly gains of 1.47% versus a -0.9% decline in the broader Glass Products industry.

Volume and Momentum Indicators

There’s another dimension worth considering: trading volume. OI’s 20-day average volume sits at 2,263,029 shares, which provides context for price moves. Above-average volume on up days typically signals strong conviction from buyers, a bullish indicator for trend followers.

On the monthly basis, OI jumped 12.01% compared to the industry’s 5.32%. This relative strength is exactly what momentum investors hunt for—a security that’s not just moving up, but outpacing its competition.

Why This Matters for Your Portfolio

The Zacks Rank system has consistently flagged OI as a #1 Strong Buy, backed by their proprietary scoring model. The Momentum Style Score of B reflects both the price strength we discussed and the positive earnings revision trend. Historical data shows that stocks rated #1 or #2 with Style Scores of A or B tend to outperform over the following month.

Whether OI maintains this trajectory depends on sustained business fundamentals and market conditions. But for traders focused on capturing near-term momentum, the recent data points in a compelling direction. The combination of strong relative performance, positive earnings revisions, and solid trading volume creates a setup worth monitoring closely.

O-I Glass remains a name to watch if you’re building a momentum-focused watchlist.