Expeditors Intl of Wash had its Relative Strength (RS) Rating upgraded from 62 to 71 Tuesday — a welcome improvement, but still shy of the 80 or better score you look for.
This proprietary rating tracks technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the trailing 52 weeks matched up against all other stocks.
Decades of market research shows that the stocks that go on to make the biggest gains often have an RS Rating north of 80 in the early stages of their moves. See if Expeditors Intl of Wash can continue to rebound and clear that threshold.
When To Sell Stocks To Lock In Profits And Minimize Losses
Expeditors Intl of Wash is building a cup with handle with a 129.15 buy point. See if the stock can break out in volume at least 40% higher than normal.
Earnings growth moved up in the company's most recent report from 41% to 54%, but sales fell from 37% to 30%.
The company earns the No. 1 rank among its peers in the Transportation-Logistics industry group. CH Robinson Worldwide and ZTO Express (Cayman) ADR are also among the group's highest-rated stocks.
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.
RELATED:
IBD Stock Rating Upgrades: 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!
