AutoZone saw a welcome improvement to its Relative Strength (RS) Rating on Tuesday, with an increase from 68 to 73.
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This unique rating tracks market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
History shows that the best stocks often have an RS Rating of over 80 in the early stages of their moves. See if AutoZone can continue to rebound and hit that benchmark.
AutoZone is building a cup with handle with a 3,795.23 buy point. See if it can break out in volume at least 40% higher than normal.
Earnings growth fell last quarter from -2% to -4%. But revenue gains moved higher, from 2% to 5%.
AutoZone holds the No. 2 rank among its peers in the Retail/Wholesale-Auto industry group. Driven Brands 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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