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After Yesterday's Decline of 6.64%, Xpo Logistics In Offers Investors Better Value

By David Diaz

Xpo Logistics In (NYSE:XPO) traded in a range yesterday that spanned from a low of $59.07 to a high of $62.69. Yesterday, the shares fell 6.6%, which took the trading range below the 3-day low of $62.51 on volume of 2.7 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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 28.8%. We continue to monitor XPO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, Xpo Logistics In has traded in a range of $22.23 to $65.44 and is now at $59.49, 168% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 1.2% while the 50-day MA has advanced 0.5%.

Keywords: rebounders xpo logistics in

Ticker(s): XPO