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Xpo Logistics In Crosses Above its 10-day MA (XPO)

By James Quinn

Today, shares of Xpo Logistics In (NYSE:XPO) have crossed bullishly above their 10-day moving average of $56.11 on a volume of 363K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Xpo Logistics In has traded in a range of $22.23 to $65.44 and is now at $56.93, 156% above that low. 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 its subscribers protect gains by selling shares of Xpo Logistics In on August 2nd, 2017 by issuing a Downtrend alert when the shares were trading at $58.50. Since that call, shares of Xpo Logistics In have fallen 5.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses xpo logistics in

Ticker(s): XPO