• Return to Headlines

Uptrend Call Working As Kadant Inc Stock Rises 38.7% (KAI)

By David Diaz

SmarTrend identified an Uptrend for Kadant Inc (NYSE:KAI) on April 25th, 2017 at $62.78. In approximately 4 months, Kadant Inc has returned 38.67% as of today's recent price of $87.05.

In the past 52 weeks, Kadant Inc share prices have been bracketed by a low of $47.50 and a high of $89.90 and are now at $87.05, 83% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.7%.

Kadant Inc. is a supplier of equipment used in the global papermaking and paper recycling industries. The Company's products include paper machine accessories, fluid handling, and water management. Kadant's fluid-handling products are used to optimize production in the steel, rubber, plastics, food, and textile industries. The Company also manufactures granules made from papermaking byproducts.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Kadant Inc shares.

Log in and add Kadant Inc (KAI) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights kadant inc

Ticker(s): KAI