In a welcome move, ACV Auctions saw its Relative Strength Rating rise from 61 to 72 on Tuesday.
This unique rating measures technical performance by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
History shows that the top-performing stocks tend to have an RS Rating north of 80 in the early stages of their moves. See if ACV Auctions can continue to rebound and clear that threshold.
Can You Really Time The Stock Market?
While the stock is not near a proper buy zone right now, see if it manages to form and break out from a proper chart pattern.
ACV Auctions showed 0% earnings growth in the latest quarterly report, while sales growth came in at 22%.
The company earns the No. 2 rank among its peers in the Retail/Wholesale-Auto Parts industry group. Carvana Cl A is the No. 1-ranked stock within the group.
RELATED:
IBD Stock Rating Upgrades: Rising Relative Strength
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!