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Investors Business Daily
Investors Business Daily
Business
INVESTOR'S BUSINESS DAILY and JULIE MAK

Old Dominion Freight Line Stock Showing Rising Market Leadership; Earns 85 RS Rating

Old Dominion Freight Line stock saw a positive improvement to its Relative Strength (RS) Rating on Thursday, with an increase from 76 to 85.

When you're researching the best stocks to buy and watch, keep a close on eye on relative price strength.

IBD's unique rating tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks stacks up against all the other stocks in our database.

History reveals that the best-performing stocks tend to have an RS Rating of above 80 in the early stages of their moves.

Looking For Winning Stocks? Try This Simple Routine

Is Old Dominion Freight Line Stock A Buy?

Old Dominion Freight Line stock has been trading below its 50- and 200-day moving averages the past two months. While now is not an ideal time to buy shares, see if the transportation stock goes on to offer and clear a proper buy point.

The transportation trucking firm posted 43% EPS growth in the latest quarterly report, while sales growth came in at 26%. The company is expected to report its latest results on or around Oct. 27.

Old Dominion Freight Line stock holds the No. 7 rank among its peers in the Transportation-Truck industry group. PAM Transportation Services and Tfi International are also among the group's highest-rated stocks.

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