On Friday, Brady Cl A hit an important technical milestone, with its Relative Strength (RS) Rating rising into the 80-plus percentile with an improvement to 81, an increase from 75 the day before.
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IBD's unique RS Rating measures technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the last 52 weeks matches up against that of all other stocks.
History reveals that the best stocks often have an RS Rating of above 80 in the early stages of their moves.
Brady Cl A is building a consolidation with a 77.68 entry. See if the stock can break out in heavy trading.
The company posted 8% EPS growth in the latest quarterly report, while sales growth came in at 11%. Keep an eye out for the company's next round of numbers on or around May 16.
Brady Cl A earns the No. 1 rank among its peers in the Office Supplies Manufacturing industry group. Acme United and Avery Dennison 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.
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