Federal Signal saw a positive improvement to its Relative Strength (RS) Rating on Thursday, rising from 85 to 92.
How To Use Stock Charts To Stay Profitable And Protected
IBD's proprietary rating tracks price action with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
History shows that the stocks that go on to make the biggest gains typically have an 80 or better RS Rating at the beginning of a new climb.
The IBD 50 stock has climbed more than 5% past a 99.89 entry in a first-stage flat base, meaning it's now out of a proper buy range. Look for the stock to offer a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week moving average.
In terms of top and bottom line numbers, Federal Signal has posted two quarters of rising earnings growth. Revenue gains have also risen during the same period.
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.
RELATED:
Which Stocks Are Showing 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!
