The Relative Strength (RS) Rating for Allison Transmission jumped into a new percentile Thursday, with a rise from 79 to 86.
Risk Management In The Stock Market: How Much Money To Invest Now
IBD's proprietary RS Rating measures market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the last 52 weeks matches up against other publicly traded companies.
Over 100 years of market history reveals that the best stocks typically have an RS Rating of over 80 in the early stages of their moves.
Allison Transmission is trying to complete a consolidation with a 122.53 entry. See if it can break out in volume at least 40% above average. Keep in mind that it's a later-stage consolidation, and those entail more risk.
Earnings growth rose last quarter from 5% to 10%. But sales fell from 3% to -3%.
Allison Transmission holds the No. 4 rank among its peers in the Auto/Truck-Original Equipment industry group. Hesai Group ADR is the No. 1-ranked stock 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:
IBD Stock Rating Upgrades: Rising Relative Strength
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!
