Dorman Products saw a welcome improvement to its Relative Strength (RS) Rating on Thursday, with an increase from 65 to 77.
When To Sell Stocks To Lock In Profits And Minimize Losses
This proprietary rating measures market leadership by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research reveals that the best stocks often 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 building a consolidation with a 146.60 entry. See if the stock can break out in volume at least 40% higher than normal. It's a later-stage pattern, and investors should be aware that those involve more risk.
Dorman Products posted 23% EPS growth in its most recent report. Revenue rose 8%.
The company holds the No. 2 rank among its peers in the Auto/Truck-Replacement Parts industry group. Standard Motor Products 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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