On Wednesday, Kadant got an upgrade to its Relative Strength (RS) Rating, from 79 to 84.
This exclusive rating from Investor's Business Daily measures share price action 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.
Over 100 years of market history shows that the top-performing stocks often have an RS Rating of at least 80 as they launch their biggest price moves.
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Kadant is building a cup without handle with a 429.95 buy point. See if it can clear the breakout price in heavy volume. Be aware that it's a third-stage base. Such patterns can work and do sometimes launch nice runs, but they're more likely to fail than earlier-stage consolidations.
Kadant reported -7% earnings growth last quarter. Sales rose 8%.
Kadant holds the No. 14 rank among its peers in the Machinery-General Industrial industry group. ESCO Technologies, DXP Enterprises and Badger Meter are among the top 5 highly rated stocks within the group.
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