In a welcome move, Asbury Automotive saw its Relative Strength Rating rise from 69 to 75 on Friday.
This exclusive rating from Investor's Business Daily identifies price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
History shows that the best-performing stocks tend to have an 80 or better RS Rating as they launch their biggest price moves. See if Asbury Automotive can continue to show renewed price strength and hit that benchmark.
When To Sell Stocks To Lock In Profits And Minimize Losses
Asbury Automotive is building a cup with handle with a 267.92 entry. See if the stock can clear the breakout price in heavy trade.
Asbury Automotive saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -28% to -22%. Revenue rose from 13% to 16%.
The company earns the No. 6 rank among its peers in the Retail/Wholesale-Auto Parts industry group. ACV Auctions, Group 1 Automotive and Lithia Motors are among the top 5 highly rated stocks within the group.
RELATED:
Stocks With Rising Relative Strength Ratings
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!
