On Friday, AutoZone earned an upgrade to its Relative Strength (RS) Rating, from 88 to 91.
IBD's unique rating tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the last 52 weeks holds up against all the other stocks in our database.
History shows that the market's biggest winners typically have an 80 or better RS Rating as they launch their largest price moves.
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AutoZone has climbed more than 5% past a 3,416.71 entry in a first-stage flat base, meaning it's now out of a proper buy zone. Look for the stock to offer a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
AutoZone posted -2% EPS growth last quarter. Revenue rose 2%.
The company earns the No. 3 rank among its peers in the Retail/Wholesale-Auto industry group. Driven Brands is the No. 1-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.
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