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On Tuesday, Lear Corp (LEA) received a positive adjustment to its Relative Strength (RS) Rating, from 69 to 76. IBD's proprietary RS Rating tracks technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the trailing 52 weeks compares to other publicly traded companies. Decades of market research reveals that the market's biggest winners tend to have an RS Rating of over 80 in the early stages of their moves. See if Lear Corp can continue to rebound and hit that benchmark. Lear Corp is working on a cup without handle with a 113.10 entry. See if it can break out in heavy volume. Top and bottom line growth moved higher last quarter. Earnings were up -3%, compared to -4% in the prior report. Revenue increased from 0% to 2%. Lear Corp earns the No. 14 rank among its peers in the Auto/Truck-Original Equipment industry group. Hesai Group ADR (HSAI), Aptiv (APTV) and Garrett Motion (GTX) are among the top 5 highly rated stocks 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.
