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Possible Bearish Inside Day Candle Pattern Detected for Xpo Logistics In (NYSE:XPO)

By David Diaz

SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in Xpo Logistics In (NYSE:XPO) based on the price action in the company's shares. Today's price range of $50.24 and $50.38 is within yesterday's high and low of the day. This trading action often signifies indecision by bulls and bears to drive prices higher or lower and often implies a possible change in trend. Owners of Xpo Logistics In may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.

XPO Logistics, Inc. provides logistics services. The Company offers expedited airfreight forwarding, ground and ocean movement, warehousing management, order fulfillment, and reverse logistics. XPO Logistics serves customers throughout North America.

Xpo Logistics In (NYSE:XPO) has potential upside of 117.5% based on a current price of $50.24 and analysts' consensus price target of $109.25. The stock should find initial resistance at its 50-day moving average (MA) of $56.46 and further resistance at its 200-day MA of $85.49.

Xpo Logistics In share prices have moved between a 52-week high of $116.27 and a 52-week low of $41.05 and are now trading 22% above that low price at $50.24 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.9% while the 200-day MA has slid 1.4%.

SmarTrend is tracking the current trend status for Xpo Logistics In and will alert subscribers who have XPO in their portfolio or watchlist when shares have changed trend direction.

Keywords: bearish inside day candle xpo logistics in

Ticker(s): XPO