GXO Logistics saw a welcome improvement to its Relative Strength (RS) Rating on Friday, with an upgrade from 70 to 75.
When To Sell Stocks To Lock In Profits And Minimize Losses
This proprietary rating tracks market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the last 52 weeks compares to other publicly traded companies.
Over 100 years of market history shows that the stocks that go on to make the biggest gains 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.
While GXO Logistics is not near a proper entry right now, see if it manages to form and break out of a proper chart pattern.
The company showed -36% earnings growth in its most recent report, while sales growth came in at 21%. The next quarterly results are expected on or around Aug. 5.
GXO Logistics earns the No. 1 rank among its peers in the Transportation-Logistics industry group. Expeditors Intl of Wash and CH Robinson Worldwide are also among the group's highest-rated stocks.
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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