The Relative Strength (RS) Rating for Brady Cl A jumped into a higher percentile Tuesday, as it got a lift from 68 to 73.
IBD's unique rating tracks price action with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the stocks that go on to make the biggest gains typically have an RS Rating of above 80 in the early stages of their moves. See if Brady Cl A can continue to show renewed price strength and clear that threshold.
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Brady Cl A broke out earlier, but has fallen back below the prior 76.97 entry from a flat base. If a stock you're tracking clears a buy point then retreats 7% or more below the original entry price, it's considered a failed base. It's best to wait for the stock to form a new pattern and breakout. Also keep in mind that the latest pattern is a later-stage base, which makes it riskier to establish a new position or add shares to an existing one.
While earnings-per-share growth fell in the company's most recent performance report from 14% to 12%, sales rose 14%, up from -1% in the previous report.
Brady Cl A holds the No. 1 rank among its peers in the Office Supplies Manufacturing industry group. Deluxe Corp and Acme United are also among the group's highest-rated stocks.
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