Byrna Technologies saw a welcome improvement to its Relative Strength (RS) Rating on Tuesday, rising from 79 to 86.
IBD's unique rating tracks market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the best stocks typically have an RS Rating of above 80 as they launch their biggest climbs.
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Byrna Technologies has moved more than 5% past a 15.34 entry in a first-stage cup without handle, meaning it's now out of a proper buy range. Look for the stock to offer a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week moving average.
The company reported 0% EPS growth last quarter, while sales growth came in at 79%. The company is expected to report its latest earnings and sales numbers on or around Apr. 10.
The company holds the No. 7 rank among its peers in the Security/Safety industry group. Axon Enterprise, Ituran Location & Ctrl and Clear Secure are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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