Driven Brands saw a positive improvement to its Relative Strength (RS) Rating on Friday, with an increase from 77 to 82.
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This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history shows that the best stocks tend to have an 80 or higher RS Rating in the early stages of their moves.
Driven Brands is trying to complete a flat base with an 18.71 buy point. See if the stock can clear the breakout price in heavy volume.
EPS growth fell last quarter from 76% to 8%, but sales rose from 2% to 7%. Keep an eye out for the company's next round of numbers on or around Jul. 23.
The company holds the No. 1 rank among its peers in the Retail/Wholesale-Auto industry group. AutoZone and Valvoline are also among the group's highest-rated stocks.
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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