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AutoNation Is a Buy on Earnings

Jonas Elmerraji

AutoNation posted earnings per share of $1.01, besting the 90.5-cent profit that analysts were looking for, on average. AutoNation's bullish reversal isn't a flash in the pan - in fact, the price setup has actually been in formation since late last fall. The setup itself is a double bottom, a textbook technical reversal pattern that looks just like it sounds.