On Friday, Karman Holdings received a positive adjustment to its Relative Strength (RS) Rating, from 79 to 82.
IBD's proprietary RS Rating tracks market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the trailing 52 weeks matches up against the rest of the market.
History reveals that the best stocks typically have an RS Rating of at least 80 as they launch their biggest price moves.
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Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock manages to offer and clear an appropriate buy point.
Karman Holdings posted -75% EPS growth last quarter. Sales increased 19%.
Karman Holdings earns the No. 29 rank among its peers in the Aerospace/Defense industry group. Elbit Systems, Heico and Heico Cl A are among the top 5 highly rated stocks 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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