In a welcome move, RXO saw its Relative Strength Rating improve from 68 to 73 on Monday.
This proprietary rating identifies market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the last 52 weeks matched up against all other stocks.
Decades of market research reveals that the top-performing stocks often have an RS Rating north of 80 as they begin their biggest climbs. See if RXO can continue to rebound and clear that threshold.
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RXO is not currently showing a potential entry point. See if the stock goes on to build a chart pattern that could spark a new run.
Earnings grew 0% last quarter, up from -63% in the prior report. Revenue also increased, from -3% to 7%.
The company earns the No. 6 rank among its peers in the Transportation-Truck industry group. Universal Logistics, Covenant Logistics Cl A and Saia are among the top 5 highly rated stocks within the group.
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