Garrett Motion had its Relative Strength (RS) Rating upgraded from 87 to 91 Friday.
Here Are 3 Keys For Successful Stock Investing
This unique rating measures technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the last 52 weeks matches up against the rest of the market.
Over 100 years of market history shows that the best stocks typically have an RS Rating of over 80 as they launch their biggest climbs.
Garrett Motion is not currently offering a proper buying opportunity. See if the stock goes on to form a base that could kick off a new price move.
Top and bottom line growth moved higher last quarter. Earnings were up 50%, compared to 7% in the prior report. Revenue increased from -4% to 3%.
Garrett Motion earns the No. 9 rank among its peers in the Auto/Truck-Original Equipment industry group. Hesai Group ADR, Strattec Security 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.
RELATED:
Which Stocks Are Showing Improved Technical Action?
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!
