AutoZone had its Relative Strength (RS) Rating upgraded from 65 to 75 Tuesday — a welcome improvement, but still shy of the 80 or higher score you prefer to see.
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IBD's unique RS Rating tracks technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the trailing 52 weeks compares to other publicly traded companies.
Over 100 years of market history reveals that the best-performing stocks often have an RS Rating north of 80 as they begin their biggest price moves. See if AutoZone can continue to rebound and clear that threshold.
AutoZone is building a flat base with a 3,916.81 buy point. See if it can clear the breakout price in heavy trade.
Earnings-per-share growth dropped in the company's most recent report from -2% to -4%, but the top line rose from 2% to 5%.
AutoZone earns the No. 2 rank among its peers in the Retail/Wholesale-Auto industry group. Driven Brands is the No. 1-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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