Allison Transmission had its Relative Strength (RS) Rating upgraded from 67 to 74 Tuesday — a welcome improvement, but still short of the 80 or better score you look for.
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IBD's unique rating measures price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the trailing 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 typically have an RS Rating of over 80 in the early stages of their moves. See if Allison Transmission can continue to rebound and clear that threshold.
Allison Transmission is working on a consolidation with a 122.53 entry. See if the stock can break out in volume at least 40% above average. Be aware that it's a fourth-stage base. Later-stage patterns can work, but have a greater likelihood of failure since, by that point, the stock has already climbed substantially..
Earnings growth increased last quarter from 5% to 10%, but revenue fell from 3% to -3%.
Allison Transmission earns the No. 3 rank among its peers in the Auto/Truck-Original Equipment industry group. Hesai Group ADR is the No. 1-ranked stock 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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