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XPO Logistics Bullish Moving Average Crossover Alert (XPO)

By Nick Russo

Today, shares of XPO Logistics (NYSE:XPO) have advanced above their 10-day MA of $53.37 on a volume of 195K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, XPO Logistics share prices have been bracketed by a low of $18.04 and a high of $55.66 and are now at $53.69, 198% above that low price. The 200-day and 50-day moving averages have moved 1.18% lower and 0.49% higher over the past week, respectively.

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 7.2%. 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

Ticker(s): XPO