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Investors Business Daily
Investors Business Daily
Business
INVESTOR'S BUSINESS DAILY

Stocks Showing Rising Market Leadership: Kadant Earns 84 RS Rating

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.

Hone Your Stock-Picking Skills By Focusing On These Factors

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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