The Relative Strength (RS) Rating for Kadant climbed into a new percentile Monday, with an increase from 75 to 81.
IBD's unique RS Rating tracks market leadership by showing how a stock's price action over the last 52 weeks compares to that of other stocks on the major indexes.
Decades of market research shows that the top-performing stocks often have an RS Rating north of 80 in the early stages of their moves.
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Kadant is building a consolidation with a 429.95 buy point. See if it can break out in volume at least 40% higher than normal. Keep in mind that it's a later-stage consolidation, and those are riskier than earlier-stage patterns.
Kadant posted -7% earnings growth last quarter, while sales growth came in at 8%.
Kadant holds the No. 17 rank among its peers in the Machinery-General Industrial industry group. DXP Enterprises, Energy Recovery and ESCO Technologies 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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