Credit Acceptance saw a welcome improvement to its Relative Strength (RS) Rating on Tuesday, with an upgrade from 70 to 76.
This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the trailing 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history shows that the best stocks tend to have an RS Rating of above 80 in the early stages of their moves. See if Credit Acceptance can continue to show renewed price strength and clear that threshold.
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Credit Acceptance is trying to complete a consolidation with a 616.66 buy point. See if the stock can clear the breakout price in volume at least 40% higher than normal.
The company posted 1% earnings growth last quarter, while sales growth came in at 15%.
Credit Acceptance holds the No. 12 rank among its peers in the Finance-Consumer Loans industry group. Atlanticus Holdings, Enova International and Ezcorp Cl A are among the top 5 highly rated stocks 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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