In a welcome move, ACV Auctions saw its Relative Strength Rating rise from 61 to 72 on Tuesday.
This unique rating measures technical performance by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
History shows that the top-performing stocks tend to have an RS Rating north of 80 in the early stages of their moves. See if ACV Auctions can continue to rebound and clear that threshold.
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While the stock is not near a proper buy zone right now, see if it manages to form and break out from a proper chart pattern.
ACV Auctions showed 0% earnings growth in the latest quarterly report, while sales growth came in at 22%.
The company earns the No. 2 rank among its peers in the Retail/Wholesale-Auto Parts industry group. Carvana Cl A is the No. 1-ranked stock within the group.
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