When considering what names to put on your watch list, focus on stocks with an 80 or higher RS Rating. Sensata Technologies now meets that criteria, with a jump from 72 to 83 Monday.
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IBD's proprietary RS Rating tracks market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of other stocks on the major indexes.
History reveals that the best stocks often have an 80 or better RS Rating in the early stages of their moves.
While Sensata Technologies is not near a proper buy zone right now, see if it manages to form and break out of a proper consolidation.
The company reported negative growth for both the top and bottom lines last quarter. Sensata Technologies is expected to release its next quarterly numbers on or around Jul. 29.
The company holds the No. 8 rank among its peers in the Electronics-Miscellaneous Products industry group. InterDigital, Corning and Trimble 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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