Dorman Products ($DORM) - Overbought - views

Dorman Products has hit a technical signal on 3 different technical indicators. DORM is in the Capital Goods sector. The technical signals indicate that the stock is Overbought right now. The 3 indicators: Commodity Channel Index, Relative Strength Index and the Fast Stochastics were all triggered based on the last closing price of $47.35 on Feb 8.

There are currently 4 analysts covering the company. Of these analysts, 2 have a buy recommendation. The current consensus estimate for quarterly earnings among the 4 analysts covering the stock is $0.76 per share. Last quarter the company earned $0.75 per share. The consensus estimate for this years earnings is $2.94 per share as compared to the next years' expectation, of $3.35 per share. The consensus estimate for next years earnings is $3.35 per share, which represents forecast growth of 13.9%.

Over the last 52 weeks, the stock has been trading between $26.57 and $48.05. More recently in the last 4 weeks, the stock has been trading between $36.58 and $48.05. Yesterday the stock traded between $47.00 and $47.72. The stock currently has a PE ratio of 13.9.

Dorman Products is trading 11.3% from its 20-day simple moving average (SMA) of $42.54 and 19.4% from its 50-day SMA and 29.58% from its 200-day SMA. Average daily volume over the last 30 days has been 35,230 shares.

At yesterdays close: the RSI was at 81.0, the CCI was at 144.2 and the Fast Stochastic was at 92.1. DORM closed yesterday at $47.35, on volume of 26,372 shares as compared to an average volume of 35,230 over the last 4 weeks.

Dorman Products, Inc. supplies original equipment dealer automotive replacement parts, and fasteners and service line products primarily for the automotive aftermarket. It designs, packages, and markets approximately 122,000 automotive replacement parts, including brake parts. The company offers original equipment dealer parts, which include intake manifolds, exhaust manifolds, oil cooler lines, window regulators, radiator fan assemblies, power steering pulleys, and harmonic balancers; and replacement parts, such as window handles and switches, door hardware, interior trim parts, headlamp aiming screws and retainer rings, radiator parts, battery hold-down bolts and repair kits, valve train parts, and power steering filler caps. It also provides application specific and general automotive hardware, such as body hardware, general automotive fasteners, oil drain plugs, and wheel hardware; a selection of electrical connectors, wires, tools, testers, and accessories; and a line of home hardware and home organization products designed for retail merchandisers. In addition, the company sells a line of Volvo and Saab replacement parts; and provides brake and clutch program. Dorman sells its products under the OE Solutions, HELP!, AutoGrade, FirstStop, Conduct-Tite!, Pik-A-Nut, and Scan-Tech brand names through automotive aftermarket retailers; national, regional, and local warehouse distributors; specialty markets; and salvage yards in the United States, Canada, Europe, the Middle East, and Asia. The company, formerly known as R&B, Inc., was founded in 1978 and is headquartered in Colmar, Pennsylvania.

Technical Indicators should be used as the starting point for further analysis. These indicators are provided as a guide to help you determine what assets to analyze. The technical indicators used in this article can indicate that an asset is either overbought or oversold, but that indication could be the result of a fundamental or other type of event like an earnings announcement.

To learn more about technical analysis, please refer to our technical analysis primer.