Credit Acceptance had its Relative Strength (RS) Rating upgraded from 67 to 71 Tuesday — a welcome improvement, but still below the 80 or better score you prefer to see.
This unique rating measures market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the trailing 52 weeks compares to the rest of the market.
Over 100 years of market history reveals that the top-performing stocks tend to have an RS Rating of at least 80 in the early stages of their moves. See if Credit Acceptance can continue to rebound and hit that benchmark.
Can You Really Time The Stock Market?
Credit Acceptance is trying to complete a cup with handle with a 560.00 buy point. See if the stock can clear the breakout price in heavy trading.
The company posted 1% earnings growth in the latest quarterly report, while sales growth came in at 15%.
Credit Acceptance holds the No. 14 rank among its peers in the Finance-Consumer Loans industry group. Enova International, SoFi Technologies and Atlanticus Holdings are among the top 5 highly rated stocks within the group.
RELATED:
Which Stocks Are Showing Improved Price Performance?
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
