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XPO Logistics Bullish Moving Average Crossover Alert (XPO)

By David Diaz

Today, shares of XPO Logistics (NYSE:XPO) have crossed bullishly above their 10-day moving average of $50.49 on a volume of 147K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, XPO Logistics has traded in a range of $18.04 to $54.70 and is now at $50.84, 182% above that low. Over the past week, the 200-day moving average (MA) has gone down 1.2% while the 50-day MA has advanced 0.5%.

SmarTrend recommended that subscribers consider buying shares of XPO Logistics on February 13th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $47.82. Since that recommendation, shares of XPO Logistics have risen 5.2%. 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