The Relative Strength (RS) Rating for Schneider National jumped into a higher percentile Monday, as it got a lift from 68 to 72.
This proprietary rating tracks technical performance by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
History reveals that the best stocks tend to have an RS Rating of over 80 in the early stages of their moves. See if Schneider National can continue to show renewed price strength and clear that threshold.
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Schneider National broke out earlier, but has fallen back below the prior 28.96 entry from a cup with handle. If a stock you're watching clears a buy point then declines 7% or more below the original entry price, it's considered a failed base. It's best to wait for the stock to form a new base and breakout. Also understand that the latest consolidation is a later-stage base, and those involve more risk.
Although earnings and sales growth came in at -53% and -2%, respectively, in the latest report, that marked one quarter of acceleration for earnings and four for sales. The company is expected to report its next quarterly numbers on or around Nov. 6.
Schneider National holds the No. 8 rank among its peers in the Transportation-Logistics industry group. ZTO Express (Cayman) ADR, XPO and GXO Logistics are among the top 5 highly rated stocks within the group.
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