Federal Signal had its Relative Strength (RS) Rating upgraded from 66 to 72 Thursday — a welcome improvement, but still short of the 80 or higher score you prefer to see.
This unique rating measures market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the trailing 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners often have an 80 or higher RS Rating in the early stages of their moves. See if Federal Signal can continue to show renewed price strength and hit that benchmark.
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Federal Signal broke out earlier, but has fallen back below the prior 95.21 entry from a double bottom. 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 entry price. Also keep in mind that the most recent pattern is a later-stage base, and those involve more risk.
Federal Signal posted 24% EPS growth last quarter, while sales growth came in at 6%.
Federal Signal earns the No. 7 rank among its peers in the Security/Safety industry group. Axon Enterprise, Byrna Technologies and Clear Secure are among the top 5 highly rated stocks within the group.
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