One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Dana just hit that mark, with a jump from 73 to 82 Wednesday.
This proprietary rating identifies technical performance by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
History reveals that the market's biggest winners tend to have an 80 or higher RS Rating in the early stages of their moves.
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Dana is not currently showing a potential buy point. See if the stock goes on to build a chart pattern that could launch a new move.
Dana posted negative growth for both the top and bottom lines last quarter. Dana is expected to report its next quarterly numbers on or around Feb. 20.
The company earns the No. 11 rank among its peers in the Auto/Truck-Original Equipment industry group. Allison Transmission, Atmus Filtration Techs and Strattec Security are among the top 5 highly rated stocks within the group.
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