Karman Holdings saw a positive improvement to its Relative Strength (RS) Rating on Monday, with an upgrade from 77 to 88.
This exclusive rating from Investor's Business Daily tracks share price action with a 1 (worst) to 99 (best) score. The grade 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 shows that the stocks that go on to make the biggest gains typically have an RS Rating north of 80 in the early stages of their moves.
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The stock, which is on theIPO Leaders list, has risen more than 5% past a 32.39 entry in a first-stage ipo base, meaning it's now out of a proper buy zone. 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 showed 0% earnings growth in the latest quarterly report, while sales growth came in at 25%.
The company earns the No. 14 rank among its peers in the Aerospace/Defense industry group. EHang Holdings ADR, Embraer ADR and Heico 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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