In a welcome move, Hub Group Cl A saw its Relative Strength Rating improve from 70 to 73 on Tuesday.
This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the trailing 52 weeks stacks up against all the other stocks in our database.
History shows that the stocks that go on to make the biggest gains tend to have an RS Rating of above 80 as they launch their biggest runs. See if Hub Group Cl A can continue to show renewed price strength and clear that threshold.
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Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock is able to offer and clear a proper buy point.
Although earnings and sales growth came in at -19% and -4%, respectively, in the latest report, that marked four straight quarters of improvement for earnings and five for the top line.
The company holds the No. 4 rank among its peers in the Transportation-Logistics industry group. XPO is the top-ranked stock within the group.
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