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Bearish Moving Average Cross by Xpo Logistics In (XPO)

By Shiri Gupta

Xpo Logistics In (NYSE:XPO) crossed under its 10-day moving average of $111.96 on a volume of 253K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Xpo Logistics In share prices have been bracketed by a low of $54.34 and a high of $115.49 and are now at $110.49, 103% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.9% while the 200-day MA has risen 0.9%.

SmarTrend recommended that subscribers consider buying shares of Xpo Logistics In on May 7th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $103.12. Since that recommendation, shares of Xpo Logistics In have risen 10.6%. We continue to monitor XPO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses xpo logistics in

Ticker(s): XPO