Lithia Stock Passes A Key Technical Benchmark

When building your watch list, look for stocks with an 80 or higher RS Rating. Lithia & Driveway (LAD) just cleared that benchmark with an upgrade from 76 to 81.


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

This unique rating measures market leadership by using a 1 (worst) to 99 (best) score that shows how a stock’s price action over the last 52 weeks matches up against that of all other stocks.

History reveals that the best stocks typically have an RS Rating of at least 80 as they begin their biggest runs.

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The IBD 50 stock is working on a consolidation with a 418.08 entry. See if it can clear the breakout price in volume at least 40% higher than normal.

In terms of fundamentals, Lithia has posted two quarters of rising earnings growth. Revenue gains have also increased during the same period.

Lithia holds the No. 2 rank among its peers in the Retail/Wholesale-Auto Parts industry group. Asbury Automotive (ABG) is also among the group’s highest-rated stocks.

The company also announced a name change, switching from Lithia Motors to Lithia & Driveway from this point on.


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