One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Cadre Holdings now clears that threshold, with a jump from 74 to 81 Wednesday.
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This unique rating identifies technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the last 52 weeks matches up against that of all other stocks.
History shows that the top-performing stocks tend to have an RS Rating of at least 80 as they begin their biggest price moves.
Cadre Holdings is still within a buy zone after moving past a 40.28 buy point in a consolidation. Once a stock moves 5% or higher beyond the initial entry, it's considered out of a proper buy zone.
Earnings growth dropped last quarter from 28% to -3%. But revenue gains moved higher, from -6% to 9%. Look for the next report on or around Nov. 5.
The company earns the No. 7 rank among its peers in the Security/Safety industry group. Federal Signal, Axon Enterprise and Resideo Technologies 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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