The IBD SmartSelect Composite Rating for Federal Signal rose from 89 to 98 Thursday.
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The revised score means the stock currently tops 98% of all other stocks in terms of key performance metrics and technical strength. History shows the top market performers tend to have a 95 or higher score as they launch their major moves.
Federal Signal is currently extended beyond a proper buy zone after clearing the 99.89 entry in a flat base.
The stock earns a 94 EPS Rating, which means its recent quarterly and annual earnings growth tops 94% of all stocks.
Its Accumulation/Distribution Rating of B- shows moderate buying by institutional investors over the last 13 weeks.
The company posted 23% earnings-per-share growth for Q2. It has now posted accelerating EPS growth for two consecutive quarters. Top line growth rose 15%, up from 9% in the prior quarter. The company has now posted increasing growth in each of the last two quarters.
Federal Signal holds the No. 1 rank among its peers in the Security/Safety industry group. Axon Enterprise and Allegion 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.
