In a welcome move, XPO saw its Relative Strength Rating improve from 65 to 74 on Wednesday.
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This proprietary rating measures technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the last 52 weeks compares to the rest of the market.
Over 100 years of market history shows that the top-performing stocks often have an RS Rating of over 80 in the early stages of their moves. See if XPO can continue to show renewed price strength and hit that benchmark.
XPO is not currently offering a proper buying opportunity. See if the stock goes on to build a promising consolidation that could kick off a new climb.
The company posted negative growth for both the top and bottom lines last quarter.
XPO holds the No. 3 rank among its peers in the Transportation-Logistics industry group. Expeditors Intl of Wash 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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