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Watch for Xpo Logistics In to Potentially Rebound After Falling 1.02% Yesterday

By Shiri Gupta

Xpo Logistics In (NYSE:XPO) traded in a range yesterday that spanned from a low of $81.67 to a high of $84.00. Yesterday, the shares fell 1.0%, which took the trading range below the 3-day low of $82.56 on volume of 626,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that its subscribers protect gains by selling shares of Xpo Logistics In on October 8th, 2018 by issuing a Downtrend alert when the shares were trading at $108.25. Since that call, shares of Xpo Logistics In have fallen 23.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Xpo Logistics In share prices have moved between a 52-week high of $116.27 and a 52-week low of $70.32 and are now trading 17% above that low price at $82.08 per share. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 1.7%.

Keywords: rebounders xpo logistics in

Ticker(s): XPO