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

By James Quinn

Today, shares of Xpo Logistics In (NYSE:XPO) have fallen below their 10-day MA of $61.17 on a volume of 219K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Xpo Logistics In share prices have been bracketed by a low of $22.23 and a high of $65.44 and are now at $60.59, 173% 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 In 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 In have risen 24.3%. 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 in

Ticker(s): XPO