GXO Logistics saw a positive improvement to its Relative Strength (RS) Rating on Friday, rising from 68 to 75.
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IBD's proprietary RS Rating measures technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
History reveals that the best stocks typically have an 80 or better RS Rating in the early stages of their moves. See if GXO Logistics can continue to rebound and hit that benchmark.
GXO Logistics is not currently near a potential buying area. See if the stock goes on to build a chart pattern that could kick off a new climb.
While revenue growth fell last quarter from 21% to 16%, earnings-per-share grew 4%, up from -36% in the prior report.
GXO Logistics holds the No. 3 rank among its peers in the Transportation-Logistics industry group. CH Robinson Worldwide is the No. 1-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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