ZTO Express (Cayman) Stock Earns RS Rating Upgrade

Blockhead
2024-10-02

ZTO Express (Cayman) (ZTO) stock had its Relative Strength (RS) Rating upgraded from 67 to 74 Tuesday — a welcome improvement, but still short of the 80 or better score you look for.

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IBD's proprietary rating identifies price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the trailing 52 weeks stacks up against all the other stocks in our database.

Over 100 years of market history reveals that the stocks that go on to make the biggest gains often have an RS Rating of at least 80 as they begin their biggest climbs. See if ZTO Express (Cayman) stock can continue to show renewed price strength and clear that threshold.


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Is ZTO Express (Cayman) Stock A Buy?

ZTO Express (Cayman) stock has moved more than 5% past a 22.97 entry in a first-stage cup with handle, meaning it's now out of a proper buy zone. Look for the stock to create a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week moving average.

Earnings grew 12% last quarter, up from 9% in the prior report. Revenue also increased, from 5% to 10%.

ZTO Express (Cayman) stock earns the No. 1 rank among its peers in the Transportation-Logistics industry group. CH Robinson Worldwide (CHRW) and XPO (XPO) are also among the group's highest-rated stocks.

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