The Relative Strength (RS) Rating for Dorman Products climbed into a new percentile Monday, as it got a lift from 68 to 71.
Can You Really Time The Stock Market?
IBD's unique RS Rating measures market leadership by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
History reveals that the stocks that go on to make the biggest gains often have an RS Rating north of 80 in the early stages of their moves. See if Dorman Products can continue to rebound and hit that benchmark.
Dorman Products is working on a consolidation with a 146.60 buy point. See if it can clear the breakout price in volume at least 40% above average. Keep in mind that it's a later-stage consolidation, and those are riskier than earlier-stage patterns.
The company posted 54% EPS growth last quarter. Revenue increased 8%. Look for the next report on or around Jul. 28.
Dorman Products earns the No. 1 rank among its peers in the Auto/Truck-Replacement Parts industry group. Standard Motor Products and Motorcar Parts of Amer are also among the group's highest-rated stocks.
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.
RELATED:
Which Stocks Are Showing Rising Relative Strength?
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
