In a welcome move, Sonic Automotive Cl A (SAH) improved its relative strength rating from 64 to 74 on Friday.
When trying to find the best stocks to buy and watch, be sure to pay attention to relative price strength.
This proprietary rating identifies technical performance by showing how a stock's price change over the past 52 weeks compares to the price change of other stocks in our database.
Decades of market research has shown that the stocks that make the biggest gains typically have RS Ratings of 80 or higher at the beginning of their biggest price moves. See if Sonic Automotive Cl A can continue to recover and reach that benchmark.
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Sonic Automotive Cl A is working on integration with 62.26 entry. See if the stock can break out in heavy trading.
Earnings growth for the last quarter was -9%, up from -25% in the previous report. Revenue also increased from 4% to 6%. The company is expected to release its latest financial numbers around February 14th.
The company holds the number 4 position among its peers in the Retail/Wholesale – Automotive Parts industry group. Carvana Cl A (CVNA) and Rush Enterprise B (RUSHB) is also one of the highest rated stocks in the group.
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