Allison Transmission had its Relative Strength (RS) Rating upgraded from 79 to 83 Tuesday.
This exclusive rating from Investor's Business Daily measures share price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the last 52 weeks compares to all the other stocks in our database.
Decades of market research reveals that the best stocks typically have an RS Rating of at least 80 in the early stages of their moves.
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Allison Transmission has risen more than 5% past an 83.42 entry in a third-stage cup without handle, meaning it's now out of a proper buy range. Look for the stock to offer a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Allison Transmission reported 5% EPS growth last quarter, while sales growth came in at 3%. Keep an eye out for the company's next round of numbers on or around Apr. 23.
Allison Transmission earns the No. 4 rank among its peers in the Auto/Truck-Original Equipment industry group. Hesai Group ADR is the No. 1-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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