Advance Auto Parts Sees RS Rating Climb To 72 As Used Car Sales Grow

On Friday, Advance Auto Parts (AAP) received a positive adjustment to its Relative Strength (RS) Rating, from 68 to 72.


When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

This exclusive rating from Investor’s Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock’s price performance over the trailing 52 weeks compares to all the other stocks in our database.

Decades of market research shows that the best stocks typically have an RS Rating north of 80 as they launch their largest climbs. See if Advance Auto Parts can continue to show renewed price strength and hit that benchmark.

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

Advance Auto Parts is building a cup without handle with a 210.28 entry. See if the stock can break out in volume at least 40% above average.

The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 14% to 234%. Revenue rose from 12% to 23%.

Advance Auto Parts holds the No. 3 rank among its peers in the Retail/Wholesale-Auto industry group. O’Reilly Automotive (ORLY) and AutoZonw (AZO) are also among the group’s highest-rated stocks.


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