Brady Cl A saw a welcome improvement to its Relative Strength (RS) Rating on Friday, rising from 78 to 81.
IBD's unique rating identifies share price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the last 52 weeks holds up against all the other stocks in our database.
History reveals that the market's biggest winners typically have an RS Rating north of 80 in the early stages of their moves.
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Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock is able to form a chart pattern and break out.
Earnings-per-share growth declined in the company's most recent report from 14% to 12%, but revenue rose from -1% to 14%.
Brady Cl A earns the No. 1 rank among its peers in the Office Supplies Manufacturing industry group. Deluxe Corp and Ennis are also among the group's highest-rated stocks.
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