PHINIA had its Relative Strength (RS) Rating upgraded from 68 to 73 Friday — a welcome improvement, but still shy of the 80 or higher score you look for.
Can You Really Time The Stock Market?
IBD's proprietary rating identifies price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks stacks up against all the other stocks in our database.
History shows that the best stocks often have an RS Rating north of 80 as they launch their biggest runs. See if PHINIA can continue to show renewed price strength and clear that threshold.
While PHINIA is not near a proper buy zone right now, see if it is able to form and break out from a proper base.
PHINIA posted negative growth for both sales and earnings last quarter. The company is expected to report its next quarterly numbers on or around Jul. 24.
The company earns the No. 22 rank among its peers in the Auto/Truck-Original Equipment industry group. Hesai Group ADR, Strattec Security and Visteon 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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