The Relative Strength (RS) Rating for LKQ stock entered a new percentile Wednesday, with an increase from 77 to 81.
As you try to find the best stocks to buy and watch, be sure to pay attention to relative price strength.
This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the trailing 52 weeks stacks up against all the other stocks in our database.
History shows that the best stocks tend to have an RS Rating north of 80 in the early stages of their moves.
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Is LKQ Stock A Buy?
LKQ stock is in a buy range after climbing above a 56.99 buy point in a cup with handle. Once a stock moves 5% or higher beyond the original entry, it's considered out of a proper buy zone.
The auto parts retailer posted negative growth for both sales and earnings last quarter. The company is expected to report its next quarterly numbers on or around Feb. 23.
LKQ stock holds the No. 4 rank among its peers in the Retail/Wholesale-Auto industry group. O'Reilly Automotive and Genuine Parts are also among the group's highest-rated stocks.
