The Relative Strength (RS) Rating for Kadant climbed into a new percentile Friday, with an increase from 78 to 82.
IBD's proprietary RS Rating tracks market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the last 52 weeks matches up against other publicly traded companies.
Decades of market research reveals that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 as they begin their biggest price moves.
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Kadant is not currently near a potential buying area. See if the stock goes on to build a base that could launch a new move.
The company reported 6% earnings growth last quarter, while sales growth came in at 11%.
Kadant earns the No. 19 rank among its peers in the Machinery-General Industrial industry group. DXP Enterprises, Badger Meter and Graham Corp are among the top 5 highly rated stocks within the group.
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