The Relative Strength (RS) Rating for Dana climbed into a new percentile Tuesday, as it got a lift from 70 to 73.
IBD's unique RS Rating measures market leadership by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
History reveals that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 in the early stages of their moves. See if Dana can continue to show renewed price strength and clear that threshold.
When To Sell Stocks To Lock In Profits And Minimize Losses
While Dana is not near a proper buying range right now, see if it manages to form and break out from a proper base.
The company posted negative growth for both the top and bottom lines last quarter. The company is expected to report its next quarterly numbers on or around Feb. 20.
Dana holds the No. 15 rank among its peers in the Auto/Truck-Original Equipment industry group. Allison Transmission, Strattec Security and Atmus Filtration Techs are among the top 5 highly rated stocks within the group.
RELATED:
IBD Stock Rating Upgrades: Rising Relative Strength
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
