Kadant saw a positive improvement to its Relative Strength (RS) Rating on Tuesday, with an increase from 70 to 76.
This unique rating measures technical performance by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains typically have an 80 or higher RS Rating in the early stages of their moves. See if Kadant can continue to show renewed price strength and clear that threshold.
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Kadant is building a consolidation with a 429.95 entry. See if it can clear the breakout price in volume at least 40% above average. Note that it's a third-stage base. Such later-stage patterns involve more risk and are more likely to fail than first- or second-stage formations.
The company posted -7% EPS growth in the latest quarterly report, while sales growth came in at 8%.
Kadant earns the No. 22 rank among its peers in the Machinery-General Industrial industry group. ESCO Technologies, DXP Enterprises and Energy Recovery are among the top 5 highly rated stocks 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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