In a welcome move, AutoNation saw its Relative Strength Rating rise from 69 to 73 on Monday.
Can You Really Time The Stock Market?
IBD's proprietary rating tracks price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks compares to all the other stocks in our database.
Over 100 years of market history shows that the best stocks often have an RS Rating north of 80 in the early stages of their moves. See if AutoNation can continue to show renewed price strength and clear that threshold.
While the stock is not near an ideal buying range right now, see if it is able to form and break out from a proper chart pattern.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 4% to 37%. Revenue rose from 3% to 8%.
AutoNation earns the No. 3 rank among its peers in the Retail/Wholesale-Auto Parts industry group. Carvana Cl A is the top-ranked stock 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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