AutoNation had its Relative Strength (RS) Rating upgraded from 79 to 83 Wednesday.
Risk Management In The Stock Market: How Much Money To Invest Now
IBD's proprietary RS Rating tracks market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the last 52 weeks matches up against other publicly traded companies.
Over 100 years of market history reveals that the best stocks typically have an RS Rating of over 80 in the early stages of their moves.
AutoNation is trying to complete a flat base with a 217.40 entry. See if the stock can clear the breakout price in heavy trading.
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 37%, compared to 4% in the prior report. Revenue increased from 3% to 8%.
The company earns the No. 5 rank among its peers in the Retail/Wholesale-Auto Parts industry group. Carvana Cl A is the top-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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