One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Adient now clears that threshold, with a jump from 70 to 81 Friday.
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IBD's unique rating tracks price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks compares to all the other stocks in our database.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains often have an RS Rating of at least 80 as they launch their biggest runs.
Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock goes on to form a chart pattern and break out.
Earnings grew 28% last quarter, up from -13% in the prior report. Revenue also increased, from -5% to -4%.
The company holds the No. 17 rank among its peers in the Auto/Truck-Original Equipment industry group. Hesai Group ADR, Strattec Security and Ouster 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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