On Wednesday, Atmus Filtration Techs got a positive adjustment to its Relative Strength (RS) Rating, from 80 to 83.
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IBD's proprietary RS Rating measures technical performance by showing how a stock's price movement over the last 52 weeks compares to that of other stocks on the major indexes.
History reveals that the market's biggest winners often have an RS Rating of above 80 as they launch their biggest climbs.
Atmus Filtration Techs broke out earlier, but has fallen back below the prior 45.43 entry from a consolidation. If a stock you're tracking clears a buy point then declines 7% or more below the original entry price, it's considered a failed base. Wait for the stock to set up and breakout from a new base and entry price. Also understand that the most recent consolidation is a later-stage base, and such bases are more prone to failure.
Atmus Filtration Techs saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 5% to 6%. Revenue rose from -2% to 5%.
The company holds the No. 10 rank among its peers in the Auto/Truck-Original Equipment industry group. Hesai Group ADR, Adient and Visteon 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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