Sonic Automotive Stock Revs Up With 83 RS Rating

On Monday, Sonic Automotive (SAH) got an upgrade to its Relative Strength Rating, from 79 to 83, putting it in leadership territory. Is Sonic Automotive stock on your radar?

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

This exclusive rating from Investor’s Business Daily measures share price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock’s price movement over the trailing 52 weeks stacks up against all the other stocks in our database.

Decades of market research reveals that the stocks that go on to make the biggest gains typically have an RS Rating north of 80 in the early stages of their moves. So an 83 RS Rating for Sonic Automotive stock is noteworthy.

Looking For The Best Stocks To Buy And Watch? Start Here

Is Sonic Automotive Stock A Buy?

Sonic Automotive stock is building a cup-without-handle pattern with a 58.10 buy point. See if shares can clear the breakout price in volume at least 40% above average.

In terms of fundamentals, the operator of car dealerships has posted rising EPS growth in each of the last two reports. Top-line growth has also increased over the same time.

Sonic Automotive stock holds the No. 2 rank among its peers in the Retail/Wholesale-Auto Parts industry group. Asbury Automotive (ABG) and Penske Automotive Group (PAG) are also among the group’s highest-rated stocks.


Find The Best Stocks To Buy Using IBD’s Proprietary Watchlists

MarketSmith’s Tools Can Help The Individual Investor

IBD Live: A New Tool For Daily Stock Market Analysis

Profit From Short-Term Trends With SwingTrader

IBD Stock Rating Upgrades: Rising Relative Strength

Most Related Links :
newsbinding Governmental News Finance News

Source link

Back to top button