One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Group 1 Automotive just hit that mark, with a jump from 80 to 84 Wednesday.
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This proprietary rating measures market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the last 52 weeks matches up against the rest of the market.
Over 100 years of market history shows that the market's biggest winners tend to have an 80 or higher RS Rating as they launch their biggest climbs.
Group 1 Automotive is trying to complete a cup with handle with a 456.13 buy point. See if it can clear the breakout price in heavy trading.
Earnings growth picked up last quarter from 5% to 7%. But sales fell from 24% to 23%.
Group 1 Automotive earns the No. 3 rank among its peers in the Retail/Wholesale-Auto Parts industry group. Carvana Cl A 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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