Americas Car-Mart Inc (CRMT +$9.87 or +6.60% to $159.50) finished strong after highlighted in yellow in the earlier mid-day report (read here) while challenging its all-time high with above average volume behind today's gap up and 4th consecutive gain. It formed an orderly 10-week base and a new pivot point was cited based on its 3/15/21 high plus 10 cents. Subsequent gains for new highs (N criteria) and a strong close above its pivot point backed by at least +40% above average volume is needed to trigger a proper technical buy signal.

It has a 97 Earnings Per Share Rating. Bullish action came after it reported earnings +359% on +43% sales revenues for the Apr '21 quarter versus the year-ago period, its 4th consecutive quarterly earnings increase above the +25% minimum guideline (C criteria) with accelerating sales revenues growth rate. Annual earnings (A criteria) history has been strong.

The high-ranked SPECIALTY RETAIL - Auto Dealerships saw the number of top-rated funds owning its shares rise from 307 on Dec '20 to 323 in Mar '21, a reassuring sign concerning the I criteria. It has an Accumulation/Distribution rating of B- and a Timeliness rating of B. Its small supply (S criteria) of only 6.6 million shares can contribute to greater price volatility in the event of institutional buying or selling.

Car Dealership Firm Challenging All-Time High - Tuesday, May 25, 2021