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Autonation Stalled After Recent Breakout - Tuesday, August 30, 2022
Autonation Inc (AN -$1.81 or -1.42% to $125.55) is still hovering near prior highs in the $126 area which were noted as initial support to watch. It faces no resistance due to overhead supply after its 8/16/22 volume-driven gain triggered a noted technical buy signal, however it has been stalling. Its 50-day moving average (DMA) line ($119.11) defines near-term support to watch on pullbacks.
AN has a 97 Earnings Per Share Rating. Recently it reported Jun '22 quarterly earnings +34% on -2% sales revenues versus the year ago period, its 8th strong earnings comparison well above the +25% minimum guideline (C criteria). Annual earnings growth has been strong. The stock was was highlighted in yellow with pivot point cited based on its 5/04/22 high plus 10 cents in the 7/20/22 mid-day report (read here). It was last shown in this FSU section on 8/11/22 with an annotated graph under the headline, "Autonation Hovering Near Stubborn Resistance".
AN hails from the Retail/Wholesale Automobile group which is currently ranked 75th on the 197 Industry Groups list (L criteria). It has 56 million shares outstanding (S criteria) which can contribute to greater price volatility in the event of institutional buying or selling. The number of top-rated funds owning its shares rose from 671 in Sep '21 to 731 in Jun '22, a reassuring sign concerning the I criteria.
Autonation Hovering Near Stubborn Resistance - Thursday, August 11, 2022
Autonation Inc (AN +$0.59 or +0.48% to $123.84) posted a gain backed by near average volume today but ended near the session low. Recent gains have lacked volume conviction while challenging previously stubborn resistance in the $126 area. It has been consolidating above its 200 DMA line and 50 DMA line ($116.79) . Subsequent volume-driven gains above the pivot point may trigger a technical buy signal. It still faces some resistance due to overhead supply up to the $133 level.
AN has a 97 Earnings Per Share Rating. Recently it reported Jun '22 quarterly earnings +34% on -2% sales revenues versus the year ago period, its 8th strong earnings comparison well above the +25% minimum guideline (C criteria). Annual earnings growth has been strong. The stock was was highlighted in yellow with pivot point cited based on its 5/04/22 high plus 10 cents in the 7/20/22 mid-day report (read here). It was last shown in this FSU section on 7/20/22 with an annotated graph under the headline, "Autonation Earnings Due While Perched Near Pivot Point".
AN hails from the Retail/Wholesale Automobile group which is currently ranked 60th on the 197 Industry Groups list (L criteria). It has 56 million shares outstanding (S criteria) which can contribute to greater price volatility in the event of institutional buying or selling. The number of top-rated funds owning its shares rose from 671 in Sep '21 to 733 in Jun '22, a reassuring sign concerning the I criteria.
Autonation Earnings Due While Perched Near Pivot Point - Wednesday, July 20, 2022
Autonation Inc (AN -$1.96 or -1.58% to $122.18) was highlighted in yellow with pivot point cited based on its 5/04/22 high plus 10 cents in the earlier mid-day report. Subsequent volume-driven gains above the pivot point may trigger a technical buy signal. It pulled back while perched within striking distance of prior highs in the $126 area, and it faces some resistance due to overhead supply up to the $133 level. Its recent rebound above its 50 and 200 DMA lines with volume-driven gains helped its outlook improve.
It has a 98 Earnings Per Share Rating. Keep in mind it is due to report Jun '22 quarterly results on 7/21/22. Volume and volatility often increase near earnings news. It reported Mar quarterly earnings +107% on +14% sales revenues versus the year ago period, its 7th very strong earnings comparison. Annual earnings growth has been strong.
It has a 98 Earnings Per Share Rating. Keep in mind it is due to report Jun '22 quarterly results on 7/21/22. Volume and volatility often increase near earnings news. It reported Mar quarterly earnings +107% on +14% sales revenues versus the year ago period, its 7th very strong earnings comparison. Annual earnings growth has been strong.
AN hails from the Retail/Wholesale Automobile group which is currently ranked 49th on the 197 Industry Groups list (L criteria). It has 58.3 million shares outstanding (S criteria) which can contribute to greater price volatility in the event of institutional buying or selling. The number of top-rated funds owning its shares rose from 671 in Sep '21 to 720 in Jun '22, a reassuring sign concerning the I criteria.
