Kadant saw a positive improvement to its Relative Strength (RS) Rating on Thursday, with an increase from 78 to 82.
IBD's unique RS Rating tracks technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of other stocks on the major indexes.
History shows that the stocks that go on to make the biggest gains typically have an RS Rating of at least 80 in the early stages of their moves.
Looking For The Best Stocks To Buy And Watch? Start Here
Kadant is not currently showing a potential buy point. See if the stock goes on to build a base that could spark a new run.
Kadant reported 6% EPS growth in the latest quarterly report. Sales rose 11%.
Kadant holds the No. 19 rank among its peers in the Machinery-General Industrial industry group. Badger Meter, DXP Enterprises and Graham Corp are among the top 5 highly rated stocks within the group.
RELATED:
Stocks With Rising Relative Strength Ratings
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
