GXO Logistics saw a positive improvement to its Relative Strength (RS) Rating on Wednesday, with an increase from 68 to 75.
Can You Really Time The Stock Market?
This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the best-performing stocks tend to have an 80 or higher RS Rating as they begin their largest climbs. See if GXO Logistics can continue to rebound and hit that benchmark.
GXO Logistics is in a buy range after moving past a 55.00 entry in a flat base. The proper buying range is up to 5% above the initial entry. Once a stock moves above that range, it's best to hold off investing and wait for it to set up another buying opportunity..
While revenue growth fell last quarter from 21% to 16%, the bottom line grew 4%, up from -36% in the prior report. Keep an eye out for the company's next round of numbers on or around Nov. 4.
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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