XPO had its Relative Strength (RS) Rating upgraded from 66 to 71 Monday — a welcome improvement, but still below the 80 or better score you look for.
Can You Really Time The Stock Market?
This proprietary rating tracks market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the trailing 52 weeks matched up against all other stocks.
Over 100 years of market history shows that the market's biggest winners often have an RS Rating of at least 80 as they launch their largest climbs. See if XPO can continue to rebound and clear that threshold.
While the stock is not near a proper buying range right now, see if it manages to form and break out of a proper base.
The company reported negative growth for both sales and earnings last quarter.
XPO earns the No. 4 rank among its peers in the Transportation-Logistics industry group. GXO Logistics is the top-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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