Dorman Products had its Relative Strength (RS) Rating upgraded from 88 to 91 Wednesday.
IBD's proprietary RS Rating tracks 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 shows that the market's biggest winners often have an RS Rating of above 80 as they launch their largest climbs.
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Dorman Products is trying to complete a flat base with a 119.28 entry. See if the stock can break out in volume at least 40% above average.
While earnings-per-share growth fell in the company's most recently reported quarter from 134% to 65%, revenue grew 5%, up from 0% in the previous report. The company is expected to report its latest performance numbers on or around Oct. 31.
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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