On Friday, Kennametal received an upgrade to its Relative Strength (RS) Rating, from 65 to 71.
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IBD's proprietary rating tracks price movement with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
History shows that the best-performing stocks often have an 80 or better RS Rating in the early stages of their moves. See if Kennametal can continue to rebound and hit that benchmark.
While the stock is not near an ideal buying range right now, see if it manages to form and break out of a proper base.
In terms of fundamental health, Kennametal has posted rising EPS growth in each of the last two reports. Sales gains have not followed the same trajectory, coming in at -6% in the latest report. Kennametal is expected to report its next quarterly numbers on or around Aug. 6.
The company earns the No. 5 rank among its peers in the Machinery-Tools & Related industry group. Fastenal is the No. 1-ranked stock within the group.
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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