On Monday, Sensata Technologies reached a key technical benchmark, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 82, up from 79 the day before.
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IBD's proprietary RS Rating measures market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the trailing 52 weeks matches up against other publicly traded companies.
Decades of market research shows that the market's biggest winners often have an RS Rating north of 80 in the early stages of their moves.
While it's not currently an ideal time to invest, see if the stock goes on to form a base and break out.
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.
Sensata Technologies earns the No. 7 rank among its peers in the Electronics-Miscellaneous Products industry group. Corning, InterDigital 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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