When considering what names to put on your watch list, focus on stocks with an 80 or higher RS Rating. Schneider National is one stock that just reached the mark, now earning a score of 84.
This unique rating identifies technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the last 52 weeks matches up against other publicly traded companies.
Decades of market research reveals that the best-performing stocks often have an 80 or higher RS Rating in the early stages of their moves.
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Schneider National is now considered extended and out of buy range after clearing a 28.96 buy point in a first-stage cup with handle. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
In terms of fundamentals, the company has posted rising EPS growth over the last two quarters. Sales gains have been less impressive, coming in at -3% in the most recent quarterly report.
The company earns the No. 7 rank among its peers in the Transportation-Logistics industry group. XPO, GXO Logistics and CH Robinson Worldwide are among the top 5 highly rated stocks within the group.
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