On Tuesday, PHINIA 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.
IBD's unique rating identifies price movement with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the best stocks typically have an RS Rating north of 80 in the early stages of their moves.
Risk Management In The Stock Market: How Much Money To Invest Now
PHINIA is trying to complete a consolidation with a 57.23 entry. See if it can clear the breakout price in heavy trading.
The company reported negative growth for both the top and bottom lines last quarter.
The company earns the No. 7 rank among its peers in the Auto/Truck-Original Equipment industry group. Strattec Security, Allison Transmission and Atmus Filtration Techs are among the top 5 highly rated stocks within the group.
RELATED:
Stocks With Rising Relative Strength Ratings
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!
