The Relative Strength (RS) Rating for Dorman Products jumped into a new percentile Thursday, with an increase from 78 to 82.
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IBD's proprietary RS Rating identifies market leadership by showing how a stock's price movement over the last 52 weeks compares to that of other stocks on the major indexes.
Decades of market research shows that the top-performing stocks tend to have an 80 or better RS Rating as they launch their biggest price moves.
Dorman Products is trying to complete a consolidation with a 146.60 buy point. See if the stock can clear the breakout price in heavy volume. It's a later-stage pattern, and investors should be aware that those involve more risk.
The company reported 54% EPS growth last quarter, while sales growth came in at 8%.
Dorman Products earns 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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