• Return to Headlines

Look for Shares of Xpo Logistics In to Potentially Pullback after Yesterday's 1.94% Rise

By Nick Russo

Xpo Logistics In (NYSE:XPO) traded in a range yesterday that spanned from a low of $112.00 to a high of $115.33. Yesterday, the shares gained 1.9%, which took the trading range above the 3-day high of $113.53 on volume of 676,000 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 $115.49 and a 52-week low of $59.30 and are now trading 92% above that low price at $113.81 per share. Over the past week, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 0.9%.

SmarTrend recommended that subscribers consider buying shares of Xpo Logistics In on August 7th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $104.01. Since that recommendation, shares of Xpo Logistics In have risen 7.4%. We continue to monitor XPO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders xpo logistics in

Ticker(s): XPO