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Echo Global Logistics Receives Composite Rating Upgrade

Echo Global Logistics (ECHO) saw its IBD SmartSelect Composite Rating jump to 99 Monday, up from 89 the day before.




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The upgrade means the stock currently tops 99% of all other stocks in terms of key performance metrics and technical strength. The best stocks tend to have a 95 or better grade as they begin to launch a significant move so be sure to keep that in mind when looking for the best stocks to buy and watch.

Echo Global Logistics has now climbed above a proper buy zone after clearing the 37.75 entry in a cup without handle.


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The stock sports a 95 EPS Rating, which means its recent quarterly and annual earnings growth tops 95% of all stocks.

Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.

In Q2, the company reported 342% earnings growth. That marks four straight reports with rising EPS performance. Sales growth increased 82%, up from 45% in the prior quarter. That marks four consecutive reports with rising growth.

Echo Global Logistics earns the No. 1 rank among its peers in the Transportation-Logistics industry group. XPO Logistics (XPO) and Expeditors International (EXPD) are also among the group’s highest-rated stocks.

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