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Stock Upgrades: Sonic Automotive Cl A Shows Rising Relative Strength

One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Sonic Automotive Cl A (SAH) cleared that benchmark Wednesday, with a jump from 75 to 85 Wednesday.




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

IBD’s proprietary rating measures price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock’s price movement over the last 52 weeks stacks up against all the other stocks in our database.

Over 100 years of market history shows that the top-performing stocks tend to have an RS Rating north of 80 as they begin their biggest runs.


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Now is not an ideal time to jump in since it isn’t near a proper buy zone, but see if the stock goes on to establish and enter a buying range in heavy trade.

Earnings grew 14% last quarter, up from -11% in the prior report. Revenue also increased, from 9% to 12%.

Sonic Automotive Cl A holds the No. 6 rank among its peers in the Retail/Wholesale-Auto Parts industry group. Rush Enterprises A (RUSHA) and Asbury Automotive (ABG) are also among the group’s highest-rated stocks.

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