On Tuesday, CH Robinson Worldwide reached an important technical milestone, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 81, up from 78 the day before.
IBD's proprietary RS Rating identifies technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the last 52 weeks matches up against that of all other stocks.
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.
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CH Robinson Worldwide is not currently showing a potential entry point. See if the stock goes on to build a promising consolidation that could kick off a new climb.
Taking a look at revenue and profit performance, CH Robinson Worldwide has posted rising EPS growth over the last four quarters. Sales growth has not followed the same trajectory, coming in at -1% last quarter.
The company earns the No. 2 rank among its peers in the Transportation-Logistics industry group. ZTO Express (Cayman) ADR is the No. 1-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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