Penske Automotive saw a welcome improvement to its Relative Strength (RS) Rating on Tuesday, rising from 70 to 73.
This unique rating tracks technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the last 52 weeks matched up against all other stocks.
History reveals that the best stocks tend to have an 80 or better RS Rating as they launch their biggest runs. See if Penske Automotive can continue to rebound and hit that benchmark.
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Penske Automotive is not currently offering a proper buying opportunity. See if the stock goes on to build a promising consolidation that could spark a new run.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -15% to 3%. Revenue rose from 2% to 6%.
Penske Automotive holds the No. 9 rank among its peers in the Retail/Wholesale-Auto Parts industry group. OPENLANE, Group 1 Automotive and Carvana Cl A 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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