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Shares of XPO Logistics Rise to a New 52-Week High

By Nick Russo

Shares of XPO Logistics (NYSE:XPO) traded at a new 52-week high today of $62.62. So far today approximately 179,000 shares have been exchanged, as compared to an average 30-day volume of 1.2 million shares.

XPO Logistics share prices have moved between a 52-week high of $62.62 and a 52-week low of $18.04 and are now trading 246% above that low price at $62.43 per share. 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%.

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 (NYSE:XPO) defies analysts with a current price ($62.43) 7.6% above its average consensus price target of $57.69. The stock should discover initial support at its 200-day moving average (MA) of $29.71 and subsequent support at its 50-day MA of $29.45.

SmarTrend recommended that subscribers consider buying shares of XPO Logistics 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 have risen 24.1%. We continue to monitor XPO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows xpo logistics

Ticker(s): XPO