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Downtrend Call Working As Echo Global Logi Stock Falls 26.0% (ECHO)

By Nick Russo

SmarTrend identified a Downtrend for Echo Global Logi (NASDAQ:ECHO) on September 28th, 2018 at $31.20. In approximately 2 months, Echo Global Logi has returned 25.96% as of today's recent price of $23.10.

Echo Global Logi share prices have moved between a 52-week high of $36.75 and a 52-week low of $15.30 and are now trading 51% above that low price at $23.10 per share. The 200-day and 50-day moving averages have moved 0.18% lower and 2.22% lower over the past week, respectively.

Echo Global Logistics, Inc. provides technology enabled business process outsourcing (BPO) for transportation and logistics. The Company's core logistics services include pre-engagement freight analysis, rate negotiation, shipment execution and tracking, carrier management, routing compliance, freight bill audit and payment, and performance management and reporting.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Echo Global Logi.

Log in and add Echo Global Logi (ECHO) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights echo global logi

Ticker(s): ECHO