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After Yesterday's Rally of 1.87% Shares Could Potentially Pullback

By Amy Schwartz

XPO Logistics (NYSE:XPO) traded in a range yesterday that spanned from a low of $61.74 to a high of $63.09. Yesterday, the shares gained 1.9%, which took the trading range above the 3-day high of $61.84 on volume of 590,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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 24.1%. We continue to monitor XPO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of XPO Logistics have traded between a low of $18.04 and a high of $63.09 and are now at $62.68, which is 247% above that low price. Over the past week, the 200-day moving average (MA) has gone down 1.2% while the 50-day MA has advanced 0.5%.

Keywords: rebounders xpo logistics

Ticker(s): XPO