One important metric to look for in a stock is an 80 or higher Relative Strength Rating. XPO just hit that mark, with a jump from 78 to 82 Wednesday.
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This proprietary rating identifies market leadership by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners often have an RS Rating north of 80 in the early stages of their moves.
XPO is building a consolidation with a 161.00 buy point. See if the stock can clear the breakout price in volume at least 40% higher than normal.
The company reported negative growth for both the top and bottom lines last quarter. The company is expected to release its next quarterly numbers on or around Jul. 31.
XPO holds the No. 2 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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