LKQ stock saw a positive improvement to its Relative Strength (RS) Rating on Tuesday, rising from 68 to 79.
This unique rating measures market leadership by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history shows that the best stocks often have an RS Rating of above 80 as they begin their largest price moves. See if LKQ stock can continue to show renewed price strength and clear that threshold.
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Is LKQ Stock A Buy?
LKQ stock is building a consolidation with a 53.68 buy point. See if the retail stock can break out in volume at least 40% higher than normal. This is not the time to buy stocks during a market correction, but build a watchlist of possible emerging leaders once the market trend turns around.
The auto parts retailer posted negative growth for both the top and bottom lines last quarter. LKQ is expected to release its next quarterly numbers on or around Apr. 24.
LKQ stock earns the No. 5 rank among its peers in the Retail/Wholesale-Auto industry group. Driven Brands 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.
