RXO (RXO) is an asset-light transportation provider with strong momentum.
Shares are up more than 70% over the past year.
RXO maintains a 100% “Buy” technical opinion from Barchart.
Sentiment is mixed among analysts, but I see significant future potential in last-mile delivery and RXO’s strategic positioning.
Today’s Featured Stock
Valued at $4.8 billion, RXO (RXO) is a provider of asset-light transportation solutions. It offers tech-enabled truck brokerage services together with complementary solutions including managed transportation, freight forwarding, and last-mile delivery.
What I’m Watching
I found today’s Chart of the Day by using Barchart’s powerful screening functions to sort for stocks with the highest technical buy signals; superior current momentum in both strength and direction, Weighted Alpha above 50+ and a 60-Month Beta over 1.5. I then used Barchart’s Flipcharts feature to review the charts for consistent price appreciation. RXO checks those boxes. The Trend Seeker issued a new “Buy” signal on May 19. Since then, the stock has gained 35.26%.
More News from Barchart
Barchart’s Technical Indicators for RXO
Editor’s Note: The technical indicators below are updated live during the session every 20 minutes and can therefore change each day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report. These technical indicators form the Barchart Opinion on a particular stock.
RXO scored a 1-year high of $29.89 on July 21.
RXO has a Weighted Alpha of 98.95.
RXO has a 100% “Buy” opinion from Barchart.
The stock has gained 72.48% over the past 52 weeks.
RXO has its Trend Seeker “Buy” signal intact.
The stock recently traded at $28.69 with a 50-day moving average of $25.88.
RXO has made 10 new highs and gained 10.69% over the past month.
60-month beta of 2.03.
Relative Strength Index (RSI) is at 59.01.
There’s a technical support level around $28.71.
Don’t Forget the Fundamentals
