Credit Acceptance Corporation (CACC)

Credit Acceptance Corporation is trading at $577.13, up 0.70% on the session. The 50 day average sits at $594.47 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 50.1, which reads as neutral, and MACD is bullish crossover. Volume is below average.

The nearest support is around $547.39 with resistance near $621.52, so that band frames the current range. Average daily movement is roughly $20.46, or about 3.5% of the share price, which is what any stop placement has to allow for. The overall health score of 49 out of 100 combines a trend score of 36, momentum of 60 and a risk score of 53.

Credit Acceptance Corporation engages in the provision of financing programs, and related products and services in the United States. It advances money to automobile dealers in exchange for the right to service the underlying consumer loans; and buys the consumer loans from the dealers and keeps the amount collected from the consumers. The company is also involved in the business of reinsuring coverage under vehicle service contracts sold to consumers by dealers on vehicles financed by the company. It serves independent and franchised automobile dealers. The company was founded in 1972 and is headquartered in Southfield, Michigan.