XPO saw a welcome improvement to its Relative Strength (RS) Rating on Monday, with an increase from 74 to 86.
IBD's unique rating measures price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the trailing 52 weeks holds up against all the other stocks in our database.
History shows that the best-performing stocks tend to have an RS Rating north of 80 in the early stages of their moves.
Looking For The Best Stocks To Buy And Watch? Start Here
XPO is building a consolidation with a 130.51 buy point. See if the stock can break out in volume at least 40% higher than normal.
XPO saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 45% to 58%. Revenue rose from 6% to 8%. The next quarterly results are expected on or around Oct. 30.
The company holds the No. 2 rank among its peers in the Transportation-Logistics industry group. ZTO Express (Cayman) ADR is the top-ranked stock within the group.
RELATED:
Which Stocks Are Showing Rising Relative Strength?
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!
