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Bullish Moving Average Cross by Xpo Logistics In (XPO)

By David Diaz

Today, shares of Xpo Logistics In (NYSE:XPO) have advanced above their 10-day MA of $61.91 on a volume of 394K 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 $63.30 and are now at $62.70, 182% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has slid 1.2%.

SmarTrend recommended that subscribers consider buying shares of Xpo Logistics In on April 24th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $49.58. Since that recommendation, shares of Xpo Logistics In have risen 22.7%. 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