One important metric to look for in a stock is an 80 or higher Relative Strength Rating . Lithia Motors ( LAD ) just hit that mark, with a jump from 77 to 81 Monday.
[ibd-display-video id=2102289 width=50 float=left autostart=true] IBD's unique RS Rating identifies technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the last 52 weeks matches up against other publicly traded companies.
Over 100 years of market history reveals that the market's biggest winners typically have an RS Rating of at least 80 in the early stages of their moves.
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Lithia Motors is working on a flat base with a 123.60 entry . See if the stock can break out in heavy volume.
Earnings growth dropped in the most recent quarter from 16% to 6%. But revenue moved higher, from 16% to 19%.
Lithia Motors earns the No. 1 rank among its peers in the Retail/Wholesale-Auto Parts industry group. Kar Auction Services ( KAR ) and Rush Enterprises ( RUSHB ) are also among the group's highest-rated stocks.
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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.
