AutoZone had its Relative Strength (RS) Rating upgraded from 66 to 71 Monday — a welcome improvement, but still shy of the 80 or higher score you prefer to see.
Can You Really Time The Stock Market?
IBD's unique rating tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
History shows that the market's biggest winners tend to have an RS Rating of at least 80 as they begin their biggest runs. See if AutoZone can continue to rebound and clear that threshold.
AutoZone is working on a cup with handle with a 3,795.23 buy point. See if it can clear the breakout price in heavy trading.
While earnings growth decreased in the company's most recently reported quarter from -2% to -4%, the top line grew 5%, up from 2% in the prior report.
The company holds the No. 2 rank among its peers in the Retail/Wholesale-Auto industry group. Driven Brands 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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