The Relative Strength (RS) Rating for Asbury Automotive jumped into a new percentile Thursday, as it got a lift from 64 to 74.
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IBD's proprietary RS Rating tracks technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the last 52 weeks matched up against all other stocks.
Over 100 years of market history shows that the stocks that go on to make the biggest gains typically have an 80 or better RS Rating as they begin their biggest price moves. See if Asbury Automotive can continue to show renewed price strength and clear that threshold.
Asbury Automotive is not currently offering a proper buying opportunity. See if the stock goes on to build a base that could ignite a new run.
Asbury Automotive reported negative growth for both the top and bottom lines last quarter. The company is expected to report its next quarterly numbers on or around Jul. 29.
The company holds the No. 9 rank among its peers in the Retail/Wholesale-Auto Parts industry group. Carvana Cl A, OPENLANE and Group 1 Automotive 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.
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