In a welcome move, O'Reilly Automotive saw its Relative Strength Rating rise from 68 to 73 on Wednesday.
IBD's unique RS Rating identifies technical performance by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research shows that the market's biggest winners often have an RS Rating of at least 80 in the early stages of their moves. See if O'Reilly Automotive can continue to rebound and clear that threshold.
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O'Reilly Automotive is now considered extended and out of buy range after clearing a 1,147.38 buy point in a first-stage cup with handle. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
While the company's top line growth fell last quarter from 5% to 4%, the bottom line grew 6%, up from 3% in the previous report.
The company earns the No. 4 rank among its peers in the Retail/Wholesale-Auto industry group. Driven Brands is the top-ranked stock within the group.
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