We track 53 stocks in the Auto Components industry (part of Automobile and Auto Components), each checked every evening for a base — a stretch where the price moves sideways in a range instead of trending.
As of the latest close, 46 are still building a base; 1 broke out earlier and is still above the breakout level; and 6 broke out but fell back below the breakout level.
The middle stock in this industry has a relative strength reading of 66 out of 99. That reading ranks each stock's price performance over the past year against every stock we track; half of this industry's 51 ranked stocks sit above 66 and half below. 22 stocks have a reading of 70 or higher.
31 of the 52 stocks we could measure (60%) closed above their 200-day average price — the average close over the last 200 trading sessions.