Credit Acceptance saw a welcome improvement to its Relative Strength (RS) Rating on Tuesday, with an increase from 69 to 74.
Can You Really Time The Stock Market?
IBD's proprietary RS Rating measures market leadership by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
History shows that the best-performing stocks tend to have an RS Rating north of 80 as they launch their largest runs. See if Credit Acceptance can continue to show renewed price strength and clear that threshold.
While Credit Acceptance is not near an ideal buy point right now, see if it manages to form and break out from a proper chart pattern.
Credit Acceptance reported 1% EPS growth in the latest quarterly report, while sales growth came in at 12%.
Credit Acceptance holds the No. 15 rank among its peers in the Finance-Consumer Loans industry group. Atlanticus Holdings, Enova International and SoFi Technologies are among the top 5 highly rated stocks 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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