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Advance Auto Parts Stock Sees Rising Relative Strength

The Relative Strength (RS) Rating for Advance Auto Parts (AAP) entered a new percentile Thursday, as it got a lift from 70 to 76.




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When you’re researching the best stocks to buy and watch, keep a close on eye on relative price strength.

This proprietary rating tracks market leadership by showing how a stock’s price movement over the last 52 weeks measures up against that of the other stocks in our database.

Over 100 years of market history shows that the best-performing stocks often have an RS Rating of above 80 in the early stages of their moves. See if Advance Auto Parts can continue to rebound and clear that threshold.


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Is Advance Auto Parts Stock A Buy?

Advance Auto Parts stock is working on a flat base with a 217.79 entry. See if the stock can clear the breakout price in volume at least 40% above average. Read “Looking For The Next Big Stock Market Winners? Start With These 3 Steps” for more tips. Also, check out “Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks.”

 

The auto parts retailer posted 15% earnings growth last quarter, while sales growth came in at 6%.

Advance Auto Parts stock earns the No. 4 rank among its peers in the Retail/Wholesale-Auto industry group. LKQ (LKQ) and O’Reilly Automotive (ORLY) are also among the group’s highest-rated stocks. For more industry news, check out “Retail And E-Commerce Stocks And Industry News.”

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