Dorman Products had its Relative Strength (RS) Rating upgraded from 66 to 71 Monday — a welcome improvement, but still below the 80 or better score you look for.
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This exclusive rating from Investor's Business Daily measures price action with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks compares to all the other stocks in our database.
History reveals that the stocks that go on to make the biggest gains typically have an RS Rating of above 80 in the early stages of their moves. See if Dorman Products can continue to show renewed price strength and clear that threshold.
Dorman Products is trying to complete a consolidation with a 146.60 entry. See if the stock can break out in volume at least 40% higher than normal. Keep in mind that it's a later-stage consolidation, and those entail more risk.
Dorman Products showed 54% earnings growth last quarter. Sales rose 8%.
The company holds the No. 1 rank among its peers in the Auto/Truck-Replacement Parts industry group. Standard Motor Products and XPEL 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.
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