The Relative Strength (RS) Rating for Brady Cl A climbed into a higher percentile Thursday, as it got a lift from 69 to 73.
This unique rating measures technical performance by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
Over 100 years of market history reveals that the best stocks often have an RS Rating of over 80 as they launch their largest runs. See if Brady Cl A can continue to show renewed price strength and hit that benchmark.
When To Sell Stocks To Lock In Profits And Minimize Losses
Brady Cl A broke out earlier, but has fallen back below the prior 76.97 entry from a flat base. In the scenario where a stock breaks out then falls 7% or more below the entry price, it's considered a failed breakout. If that happens, it's best to wait for a new pattern to take shape. Also understand that the most recent pattern is a later-stage base, which makes it riskier to establish a new position or add shares to an existing one.
While EPS growth declined in the company's most recently reported quarter from 14% to 12%, the top line rose 14%, up from -1% in the prior report.
Brady Cl A earns 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.
RELATED:
IBD Stock Rating Upgrades: Rising Relative Strength
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!
