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Investors Business Daily
Investors Business Daily
Business
INVESTOR'S BUSINESS DAILY

Stocks With Rising Relative Strength: ACV Auctions

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.

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