AutoNation's (AN) Relative Strength Rating (RS) was upgraded Monday from 90 to 93. It is working towards a consolidation using a 158.40 entrance. Watch to see if AutoNation can break the breakout price during heavy trading.
When you are trying to determine the best stocks to watch and buy, pay close attention to relative strength of price. Investor's Business Daily has created an exclusive score that tracks market leaders from 1 (worst to 99) points. This grade compares a stock's performance over the past 52 weeks to all other stocks in our database.
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The history shows that at the start of a new rise, the best stocks have an RS Rating above 80.
In its latest report, the company reported a 11% increase in EPS. Revenue growth was 2%. The company will report its latest results around or on April 20.
Group 1 Automotive, Rush Enterprises B and Asbury Automotive are the top five highly rated stocks in the group.
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Investor's Business Daily published the article AutoNation Stock Relative Strength Rating Jumps To 93 Before Earnings.