Brady Cl A saw a welcome improvement to its Relative Strength (RS) Rating on Tuesday, with an upgrade from 66 to 71.
How To Invest In Stocks In Both Bull And Bear Markets
IBD's unique RS Rating measures market leadership by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
Over 100 years of market history shows that the top-performing stocks typically have an 80 or higher RS Rating in the early stages of their moves. See if Brady Cl A can continue to rebound and clear that threshold.
Brady Cl A is trading within a buy range after climbing above a 77.68 buy point in a consolidation. Once a stock moves 5% or higher beyond the initial entry, it's considered out of a proper buying area.
While earnings-per-share growth decreased in the company's most recent quarterly report from 12% to 6%, the top line rose 16%, up from 11% in the prior report.
The company 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.
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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