Dorman Products saw a welcome improvement to its Relative Strength (RS) Rating on Monday, rising from 90 to 94.
This exclusive rating from Investor's Business Daily tracks share price action with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database.
History shows that the best-performing stocks typically have an RS Rating north of 80 as they begin their biggest runs.
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Dorman Products has climbed more than 5% past a 119.28 entry in a second-stage flat base, meaning it's now out of a proper buy zone. Look for the stock to offer a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week moving average.
The company posted 40% EPS growth in the latest quarterly report. Revenue increased 3%.
Dorman Products holds the No. 1 rank among its peers in the Auto/Truck-Replacement Parts industry group. XPEL and Standard Motor Products are also among the group's highest-rated stocks.
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