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Automotive 2023-07-12: +1 to "Stronger" strength rating (3rd strongest of 9 levels), previous move was also up

Brian Degracia

• 1 min read
Automotive 2023-07-12: +1 to "Stronger" strength rating (3rd strongest of 9 levels), previous move was also up
Automotive for the trading week ending 2023-07-12.

Two of the four sub-industries are Strong, the other two are Stronger. General movement over the past eight weeks has been strengthening.

Eight weeks of rightward/strengthening movement is evident in the industry and underlying sub-industries.

Leaders and Laggards

Current strongest and weakest stocks are shown below. These are of most interest as the downtrodden are prone to large (if perhaps temporary) pops while the strongest have been leading the charge for their sub-industries.

Auto Parts has been strengthening, why would DORM, MNRO, and THRM remain so weak?

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