Credit Acceptance had its Relative Strength (RS) Rating upgraded from 72 to 84 Thursday.
IBD's proprietary rating measures market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the trailing 52 weeks compares to all the other stocks in our database.
History reveals that the market's biggest winners typically have an 80 or higher RS Rating as they launch their biggest runs.
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Credit Acceptance is working on a consolidation with a 616.66 buy point. See if it can break out in volume at least 40% above average.
Credit Acceptance reported 1% earnings growth last quarter. Revenue increased 15%. The company is expected to report its latest earnings and sales numbers on or around May 5.
Credit Acceptance holds the No. 9 rank among its peers in the Finance-Consumer Loans industry group. Atlanticus Holdings, Enova International and Mr. Cooper Group 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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