In a welcome move, AutoZone saw its Relative Strength Rating rise from 69 to 72 on Wednesday.
This unique rating tracks technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the last 52 weeks compares to other publicly traded companies.
Decades of market research shows that the best-performing stocks tend to have an RS Rating of over 80 as they begin their largest climbs. See if AutoZone can continue to rebound and clear that threshold.
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AutoZone is building a flat base with a 3,416.71 buy point. See if the stock can break out in heavy trading.
AutoZone showed 0% EPS growth in the latest quarterly report. Revenue increased 2%.
The company holds the No. 3 rank among its peers in the Retail/Wholesale-Auto industry group. Copart is the No. 1-ranked stock within the group.
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