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Asbury Automotive Shows Rising Relative Strength; Still Shy Of Key Threshold

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On Tuesday, Asbury Automotive ( ABG ) earned a positive adjustment to its Relative Strength ( RS ) Rating , from 65 to 78.

[ibd-display-video id=2102289 width=50 float=left autostart=true] This exclusive rating from Investor's Business Daily tracks 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 market's biggest winners tend to have an 80 or better RS Rating in the early stages of their moves. See if Asbury Automotive can continue to show renewed price strength and hit that benchmark.

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Asbury Automotive is now considered extended and out of buy range after clearing a 63.75 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.

Earnings growth increased last quarter from -4% to -3%. But sales fell from 0% to -5%. The next quarterly results are expected on or around Feb. 7.

Asbury Automotive earns the No. 6 rank among its peers in the Retail/Wholesale-Auto Parts industry group. Lithia Motors ( LAD ), Kar Auction Services ( KAR ) and Rush Enterprises ( RUSHB ) are among the top 5 highly rated stocks within the group.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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