On Thursday, OPENLANE earned an upgrade to its Relative Strength (RS) Rating, from 67 to 72.
When To Sell Stocks To Lock In Profits And Minimize Losses
This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks stacks up against all the other stocks in our database.
History shows that the best stocks often have an RS Rating of over 80 as they launch their largest price moves. See if OPENLANE can continue to rebound and clear that threshold.
While it's not currently an ideal time to buy shares, see if the stock manages to offer and clear a proper buy point.
While the company's bottom line growth declined in the company's most recent performance report from 44% to 31%, the top line rose 12%, up from 8% in the previous report. Look for the next report on or around May 7.
OPENLANE holds the No. 3 rank among its peers in the Retail/Wholesale-Auto Parts industry group. Carvana Cl A 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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