[ibd-display-video id=2102289 width=50 float=left autostart=true] IBD's proprietary RS Rating tracks technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners often have an RS Rating north of 80 as they launch their largest climbs. See if CH Robinson Worldwide can continue to rebound and hit that benchmark.
CH Robinson Worldwide is now considered extended and out of buy range after clearing a 74.64 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 line.
Earnings grew -6% last quarter, up from -22% in the prior report. Revenue also increased, from 12% to 13%.
The company earns the No. 8 rank among its peers in the Transportation-Logistics industry group. XPO Logistics ( XPO ), Expeditors International ( EXPD ) and Schneider National ( SNDR ) are among the top 5 highly rated stocks within the group.