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Bullish Moving Average Cross by Xpo Logistics In (XPO)

By Amy Schwartz

Today, shares of Xpo Logistics In (NYSE:XPO) have crossed bullishly above their 10-day moving average of $108.04 on a volume of 196K 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.

Xpo Logistics In share prices have moved between a 52-week high of $111.09 and a 52-week low of $51.86 and are now trading 111% above that low price at $109.19 per share. Over the past week, the 200-day moving average (MA) has gone up 0.9% while the 50-day MA has advanced 0.3%.

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 4.4%. 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