The Relative Strength (RS) Rating for Dana climbed into a new percentile Monday, with an increase from 78 to 89.
IBD's proprietary RS Rating measures market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the last 52 weeks matches up against that of all other stocks.
Decades of market research reveals that the stocks that go on to make the biggest gains typically have an RS Rating of at least 80 as they launch their biggest price moves.
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While Dana is not near an ideal buy point right now, see if it manages to form and break out from a proper chart pattern.
Dana posted negative growth for both the top and bottom lines last quarter. The company is expected to release its next quarterly numbers on or around Feb. 20.
The company holds 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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