We track 55 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, 39 are still building a base; 4 broke out of a base in the last five sessions; 6 broke out earlier and are 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 70 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 53 ranked stocks sit above 70 and half below. 27 stocks have a reading of 70 or higher.
38 of the 54 stocks we could measure (70%) closed above their 200-day average price — the average close over the last 200 trading sessions.