On Thursday, Atmus Filtration Techs got a positive adjustment to its Relative Strength (RS) Rating, from 78 to 82.
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This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains tend to have an RS Rating of over 80 in the early stages of their moves.
Atmus Filtration Techs broke out earlier, but has fallen back below the prior 45.43 entry from a consolidation. If a stock you're watching clears a buy point then retreats 7% or more below the original entry price, it's considered a failed base. It's best to wait for the stock to form a new consolidation and breakout. Also understand that the latest consolidation is a later-stage base, which makes it riskier to establish a new position or add shares to an existing one.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 5% to 6%. Revenue rose from -2% to 5%.
Atmus Filtration Techs holds the No. 6 rank among its peers in the Auto/Truck-Original Equipment industry group. Hesai Group ADR, Strattec Security and Ouster Cl A 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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