When putting together your watch list, focus on stocks with an 80 or higher RS Rating. Driven Brands just cleared that benchmark with an upgrade from 80 to 83.
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IBD's proprietary RS Rating tracks technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the trailing 52 weeks matches up against that of all other stocks.
History shows that the best stocks tend to have an 80 or better RS Rating as they launch their biggest climbs.
Driven Brands is building a flat base with an 18.71 buy point. See if it can clear the breakout price in heavy trading.
Earnings growth fell last quarter from 76% to 8%, but sales rose from 2% to 7%. The next quarterly results are expected on or around Jul. 23.
The company earns the No. 1 rank among its peers in the Retail/Wholesale-Auto industry group. Valvoline and AutoZone are also among the group's highest-rated stocks.
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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