One important metric to look for in a stock is an 80 or higher Relative Strength Rating. XPO now clears that threshold, with a jump from 77 to 81 Wednesday.
Hone Your Stock-Picking Skills By Focusing On These Factors
This proprietary rating measures technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the trailing 52 weeks matches up against that of all other stocks.
Over 100 years of market history shows that the stocks that go on to make the biggest gains often have an RS Rating of above 80 in the early stages of their moves.
XPO is not currently showing a potential buy point. See if the stock goes on to form a promising consolidation that could launch a new move.
The company reported negative growth for both the top and bottom lines last quarter. XPO is expected to report its next quarterly numbers on or around Jul. 31.
The company 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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