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Watch for Continued Gains in Shares of Xpo Logistics In (XPO)

By Amy Schwartz

Xpo Logistics In (NYSE:XPO) traded at a new 52-week high today of $114.69. So far today approximately 120,000 shares have been exchanged, as compared to an average 30-day volume of 1.7 million shares.

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 share prices have moved between a 52-week high of $114.69 and a 52-week low of $54.34 and are now trading 110% above that low price at $114.14 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has risen 1.0%.

Xpo Logistics In (NYSE:XPO) is currently priced 4.3% above its average consensus analyst price target of $109.25. The stock should find initial support at its 50-day moving average (MA) of $104.28 and further support at its 200-day MA of $87.01.

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 10.7%. 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 in

Ticker(s): XPO