ACV Auctions had its Relative Strength (RS) Rating upgraded from 69 to 74 Wednesday — a welcome improvement, but still below the 80 or higher score you look for.
IBD's unique rating identifies price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the last 52 weeks compares to all the other stocks in our database.
Decades of market research reveals that the best stocks typically have an 80 or better RS Rating in the early stages of their moves. See if ACV Auctions can continue to rebound and clear that threshold.
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While ACV Auctions is not near a proper buying range right now, see if it manages to form and break out of a proper chart pattern.
The company reported 0% earnings growth last quarter. Revenue increased 29%. Keep an eye out for the company's next round of numbers on or around Nov. 7.
The company earns the No. 2 rank among its peers in the Retail/Wholesale-Auto Parts industry group. Carvana Cl A is the top-ranked stock within the group.
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