Dana had its Relative Strength (RS) Rating upgraded from 68 to 73 Thursday — a welcome improvement, but still short of the 80 or higher score you look for.
IBD's unique rating tracks market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners tend to have an RS Rating of at least 80 as they launch their largest climbs. See if Dana can continue to show renewed price strength and clear that threshold.
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Dana is not currently showing a potential buy point. See if the stock goes on to form a sound pattern that could spark a new run.
The company reported negative growth for both the top and bottom lines last quarter.
Dana holds the No. 18 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.
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