AutoZone had its Relative Strength (RS) Rating upgraded from 69 to 74 Thursday — a welcome improvement, but still below the 80 or higher score you prefer to see.
When To Sell Stocks To Lock In Profits And Minimize Losses
This proprietary rating identifies technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the last 52 weeks compares to the rest of the market.
Decades of market research shows that the stocks that go on to make the biggest gains tend to have an 80 or better RS Rating as they launch their biggest climbs. See if AutoZone can continue to show renewed price strength and hit that benchmark.
AutoZone is trying to complete a cup without handle with a 3,910.00 entry. See if the stock can clear the breakout price in volume at least 40% above average.
Earnings growth declined 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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