The Relative Strength (RS) Rating for CarGurus Cl A moved up into a new percentile Friday, as it got a lift from 67 to 74.
When To Sell Stocks To Lock In Profits And Minimize Losses
This proprietary rating identifies market leadership by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research reveals that the top-performing stocks often have an RS Rating of above 80 in the early stages of their moves. See if CarGurus Cl A can continue to show renewed price strength and hit that benchmark.
CarGurus Cl A is working on a cup without handle with a 41.33 entry. See if it can clear the breakout price in volume at least 40% higher than normal.
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 46%, compared to 35% in the prior report. Revenue increased from 4% to 7%.
The company holds the No. 11 rank among its peers in the Internet-Content industry group. Tencent Music Ent ADR, Kanzhun ADR and Alphabet Cl C 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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