The Relative Strength (RS) Rating for Allison Transmission moved into a higher percentile Tuesday, as it got a lift from 64 to 78.
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IBD's proprietary RS Rating measures technical performance by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
History reveals that the stocks that go on to make the biggest gains typically have an 80 or higher RS Rating in the early stages of their moves. See if Allison Transmission can continue to rebound and clear that threshold.
Allison Transmission is building a consolidation with a 122.53 buy point. 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 are riskier than earlier-stage patterns.
While revenue growth fell last quarter from 3% to -3%, the bottom line grew 10%, up from 5% in the prior report.
Allison Transmission earns the No. 3 rank among its peers in the Auto/Truck-Original Equipment industry group. Hesai Group ADR is the top-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.
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