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Xpo Logistics In Bearish Moving Average Crossover Alert (XPO)

By Amy Schwartz

Today, shares of Xpo Logistics In (NYSE:XPO) have crossed bearishly below their 10-day moving average of $50.26 on a volume of 218K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

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 $49.94 per share. Over the last five market days, the 200-day moving average (MA) has gone down 1.3% while the 50-day MA has declined 1%.

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: moving crosses xpo logistics in

Ticker(s): XPO