On Thursday, Dorman Products earned an upgrade to its Relative Strength (RS) Rating, from 67 to 72.
When To Sell Stocks To Lock In Profits And Minimize Losses
IBD's unique RS Rating measures technical performance by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
History reveals that the best stocks tend to have an RS Rating of over 80 in the early stages of their moves. See if Dorman Products can continue to rebound and hit that benchmark.
Dorman Products is trying to complete a consolidation with a 146.60 entry. See if the stock can break out in volume at least 40% higher than normal. Be aware that it's a third-stage base. Such later-stage patterns are more and have a higher likelihood to fail than first- or second-stage formations.
Dorman Products reported 54% earnings growth in the latest quarterly report, while sales growth came in at 8%. The company is expected to report its latest numbers on or around Jul. 28.
Dorman Products earns the No. 3 rank among its peers in the Auto/Truck-Replacement Parts industry group. Motorcar Parts of Amer 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.
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