ACV Auctions saw a positive improvement to its Relative Strength (RS) Rating on Monday, rising from 78 to 83.
This exclusive rating from Investor's Business Daily tracks share price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the last 52 weeks stacks up against all the other stocks in our database.
Decades of market research shows that the best-performing stocks often have an RS Rating north of 80 as they launch their biggest runs.
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ACV Auctions is still within a buying range after moving past a 21.11 entry in a cup without handle. The proper buying range extends to 5% above the initial entry. Once a stock moves above that range, it's best to hold off investing and wait for it to set up another buying opportunity.
The company showed 0% EPS growth in the latest quarterly report, while sales growth came in at 44%.
ACV Auctions earns the No. 1 rank among its peers in the Retail/Wholesale-Auto Parts industry group. Group 1 Automotive and Lithia Motors are also among the group's highest-rated stocks.
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