On Thursday, Kadant earned an upgrade to its Relative Strength (RS) Rating, from 63 to 75.
This unique rating measures technical performance by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research shows that the best-performing stocks tend to have an RS Rating north of 80 in the early stages of their moves. See if Kadant can continue to show renewed price strength and hit that benchmark.
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Kadant is trying to complete a cup with handle with a 344.46 entry. See if the stock can break out in volume at least 40% above average.
The company showed 6% earnings growth last quarter. Revenue gains came in at 11%.
Kadant earns the No. 16 rank among its peers in the Machinery-General Industrial industry group. SPX Technologies, Taylor Devices and Badger Meter are among the top 5 highly rated stocks within the group.
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