QXO saw a welcome improvement to its Relative Strength (RS) Rating on Tuesday, rising from 68 to 80.
Risk Management In The Stock Market: How Much Money To Invest Now
IBD's proprietary rating identifies share price performance with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the last 52 weeks compares to all the other stocks in our database.
Decades of market research reveals that the stocks that go on to make the biggest gains often have an RS Rating north of 80 as they begin their biggest runs.
QXO is working on a cup without handle with an 18.18 buy point. See if the stock can break out in heavy trading.
The company posted 0% earnings growth in its most recent report. Revenue gains came in at -6%.
The company earns the No. 23 rank among its peers in the Commercial Services-Consulting industry group. Huron Consulting Group, Stantec and VSE are among the top 5 highly rated stocks 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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