On Tuesday, Allison Transmission hit an important technical milestone, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 82, up from 78 the day before.
This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the last 52 weeks compares to all the other stocks in our database.
Decades of market research reveals that the best stocks typically have an RS Rating of at least 80 as they begin their biggest price moves.
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Allison Transmission is trying to complete a consolidation with a 122.53 buy point. See if it can clear the breakout price in volume at least 40% above average. Keep in mind that it's a later-stage consolidation, and those entail more risk.
The company reported 5% EPS growth last quarter, while sales growth came in at 3%.
Allison Transmission earns the No. 2 rank among its peers in the Auto/Truck-Original Equipment industry group. Strattec Security is the No. 1-ranked stock within the group.
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