On Friday, Byrna Technologies hit an important technical milestone, with its Relative Strength (RS) Rating moving into the 90-plus percentile with an improvement to 92, an increase from 86 the day before.
This exclusive rating from Investor's Business Daily tracks share price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks compares to all the other stocks in our database.
History shows that the top-performing stocks tend to have an 80 or better RS Rating at the beginning of a new climb.
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Byrna Technologies is now considered extended and out of buy range after clearing a 15.34 buy point in a first-stage cup without handle. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
Earnings growth picked up last quarter from 0% to 600%. But sales fell from 79% to 57%.
The company holds the No. 4 rank among its peers in the Security/Safety industry group. Axon Enterprise is the top-ranked stock 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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