Markets

AutoZone Shows Rising Price Performance With Jump To 81 RS Rating

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AutoZone ( AZO ) had its Relative Strength ( RS ) Rating upgraded from 75 to 81 Thursday.

[ibd-display-video id=2368044 width=50 float=left autostart=true] IBD's unique rating measures share price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.

Over 100 years of market history reveals that the market's biggest winners often have an 80 or better RS Rating as they launch their biggest runs.

See How IBD Helps You Make More Money In Stocks

AutoZone is trying to complete a cup with handle with a 763.39 entry . See if it can clear the breakout price in heavy trade.

The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 6% to 7%. Revenue rose from 3% to 5%.

AutoZone earns the No. 5 rank among its peers in the Retail/Wholesale-Auto industry group. Copart ( CPRT ) is the top-ranked stock 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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