We track 12 stocks in the Automobiles 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, 11 are still building a base; and 1 broke out but fell back below the breakout level.
The middle stock in this industry has a relative strength reading of 40 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 12 ranked stocks sit above 40 and half below. 1 stock has a reading of 70 or higher.
3 of the 12 stocks we could measure (25%) closed above their 200-day average price — the average close over the last 200 trading sessions.