On Tuesday, Old Dominion Freight Line stock received a positive adjustment to its Relative Strength (RS) Rating, from 65 to 72.
This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks compares to all the other stocks in our database.
Decades of market research shows that the stocks that go on to make the biggest gains typically have an RS Rating north of 80 in the early stages of their moves. See if Old Dominion Freight Line stock can continue to rebound and hit that benchmark.
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Is Old Dominion Freight Line Stock A Buy?
Old Dominion Freight Line stock is now considered extended and out of buy range after clearing a 216.54 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.
The North Carolina-based transportation company posted negative growth for both the top and bottom lines last quarter.
Old Dominion Freight Line stock holds the No. 3 rank among its peers in the Transportation-Truck industry group. Universal Logistics is the top-ranked stock within the group.
