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Monro Muffler Brake Earns RS Rating Upgrade

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In a welcome move, Monro Muffler Brake ( MNRO ) saw its Relative Strength Rating rise from 64 to 76 on Monday.

[ibd-display-video id=2385970 width=50 float=left autostart=true] IBD's unique rating identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.

History shows that the stocks that go on to make the biggest gains typically have an 80 or better RS Rating in the early stages of their moves. See if Monro Muffler Brake can continue to rebound and hit that benchmark.

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Monro Muffler Brake is now considered extended and out of buy range after clearing a 54.50 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.

The company reported 4% earnings growth in the latest quarterly report. Sales rose 13%. Look for the next report on or around Feb. 1.

The company earns the No. 4 rank among its peers in the Retail/Wholesale-Auto industry group. Copart ( CPRT ) is the No. 1-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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