The Relative Strength (RS) Rating for Old Dominion Freight Line jumped into a new percentile Wednesday, as it got a lift from 68 to 74.
This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database.
Decades of market research reveals that the best stocks tend to have an 80 or better RS Rating as they begin their biggest runs. See if Old Dominion Freight Line can continue to rebound and hit that benchmark.
How To Invest In Stocks In Both Bull And Bear Markets
While it's not currently an ideal time to jump in, see if the stock goes on to establish and enter a buying range in heavy volume.
The company reported negative growth for both the top and bottom lines last quarter.
The company holds the No. 4 rank among its peers in the Transportation-Truck industry group. Universal Logistics is the No. 1-ranked stock within the group.
RELATED:
Stocks With Rising Relative Strength Ratings
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
