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 tracks price action 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.
History reveals that the best-performing stocks tend to have an 80 or higher RS Rating in the early stages of their moves. See if AutoZone can continue to show renewed price strength and clear that threshold.
AutoZone is now considered extended and out of buy range after clearing a 1,297.92 buy point in a first-stage flat base. See if the stock forms a new chart pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
EPS growth decreased in the company’s most recent report from 28% to 23%, but sales rose from 13% to 16%. The next quarterly numbers are expected on or around May 26.
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