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Bullish Moving Average Cross by Xpo Logistics In (XPO)

By Amy Schwartz

Xpo Logistics In (NYSE:XPO) shares have crossed bullishly above their 10-day moving average of $103.52 on a volume of 137K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Xpo Logistics In share prices have been bracketed by a low of $22.23 and a high of $106.20 and are now at $104.89, 372% above that low price. Over the past week, the 200-day moving average (MA) has gone down 1.2% while the 50-day MA has advanced 0.5%.

SmarTrend recommended that subscribers consider buying shares of Xpo Logistics In on February 23rd, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $95.36. Since that recommendation, shares of Xpo Logistics In have risen 7.9%. 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