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After Yesterday's Rally of 2.61% Shares Could Potentially Pullback

By Shiri Gupta

Xpo Logistics In (NYSE:XPO) traded in a range yesterday that spanned from a low of $69.21 to a high of $71.42. Yesterday, the shares gained 2.6%, which took the trading range above the 3-day high of $70.38 on volume of 255,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Xpo Logistics In share prices have moved between a 52-week high of $109.97 and a 52-week low of $41.05 and are now trading 73% above that low price at $71.21 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has risen 0.4%.

SmarTrend is tracking the current trend status for Xpo Logistics In and will alert subscribers who have XPO in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders xpo logistics in

Ticker(s): XPO