On Thursday, Dorman Products received an upgrade to its Relative Strength (RS) Rating, from 70 to 74.
When To Sell Stocks To Lock In Profits And Minimize Losses
IBD's unique RS Rating identifies technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the trailing 52 weeks compares to the rest of the market.
History reveals that the best stocks often have an RS Rating north of 80 as they launch their largest runs. See if Dorman Products can continue to rebound and clear that threshold.
Dorman Products is trying to complete a consolidation with a 146.60 buy point. See if it can break out in heavy volume. It's a later-stage pattern, and investors should be aware that those are less likely to lead to significant gains.
The company showed 54% EPS growth last quarter, while sales growth came in at 8%. Keep an eye out for the company's next round of numbers on or around Jul. 28.
The company holds the No. 3 rank among its peers in the Auto/Truck-Replacement Parts industry group. Motorcar Parts of Amer is the top-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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