AutoNation saw a positive improvement to its Relative Strength (RS) Rating on Tuesday, rising from 68 to 72.
IBD's unique RS Rating measures technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history reveals that the best stocks typically have an RS Rating north of 80 in the early stages of their moves. See if AutoNation can continue to rebound and hit that benchmark.
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AutoNation is trying to complete a consolidation with a 197.18 buy point. See if it can clear the breakout price in heavy trading.
Although earnings and sales growth came in at -27% and -4%, respectively, in the latest report, that marked acceleration for both the top and bottom lines.
The company holds the No. 12 rank among its peers in the Retail/Wholesale-Auto Parts industry group. ACV Auctions, Group 1 Automotive and Lithia Motors are among the top 5 highly rated stocks within the group.
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