In a welcome move, Asbury Automotive saw its Relative Strength Rating improve from 69 to 78 on Wednesday.
This exclusive rating from Investor's Business Daily identifies price movement with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database.
History reveals that the stocks that go on to make the biggest gains typically have an RS Rating of above 80 in the early stages of their moves. See if Asbury Automotive can continue to show renewed price strength and hit that benchmark.
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Asbury Automotive is trying to complete a cup without handle with a 276.57 buy point. See if the stock can clear the breakout price in volume at least 40% higher than normal.
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up -22%, compared to -28% in the prior report. Revenue increased from 13% to 16%. Keep an eye out for the company's next round of numbers on or around Jan. 30.
Asbury Automotive earns the No. 3 rank among its peers in the Retail/Wholesale-Auto Parts industry group. ACV Auctions is the No. 1-ranked stock within the group.
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