Credit Acceptance had its Relative Strength (RS) Rating upgraded from 69 to 73 Friday — a welcome improvement, but still shy of the 80 or higher score you look for.
When To Sell Stocks To Lock In Profits And Minimize Losses
IBD's proprietary RS 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.
Decades of market research reveals that the stocks that go on to make the biggest gains tend to have an 80 or higher RS Rating in the early stages of their moves. See if Credit Acceptance can continue to show renewed price strength and hit that benchmark.
While the stock is not near an ideal buying range right now, see if it manages to form and break out of a proper base.
The company showed 1% earnings growth in the latest quarterly report. Revenue increased 12%.
The company earns the No. 13 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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