On Monday, Kadant got a positive adjustment to its Relative Strength (RS) Rating, from 79 to 83.
This exclusive rating from Investor's Business Daily measures price action with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the trailing 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners often have an 80 or higher RS Rating in the early stages of their moves.
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Kadant is trading within a buy range after clearing a 344.46 buy point in a cup with handle. Once a stock moves 5% or higher beyond the initial entry, it's considered extended and out of buy range.
Kadant reported 6% earnings growth last quarter. Revenue increased 11%.
The company earns the No. 12 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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