XPO
Transportation leader $SAIA is near ATHSaia provides less-than-truckload, non-asset truckload, expedited and logistics services across the U.S. is ranked #1 in its industry by IBD
While the sector ETF AMEX:XTN is down, stocks like NASDAQ:SAIA , NYSE:XPO and NASDAQ:ODFL are all near new highs
The price is in its second base formation close of breaking out above $439.50
I'll leave a stop buy just above this point.
XPO Logistics (NYSE: $XPO) Reports Record Breaking Revenue 🏆XPO Logistics, Inc. provides supply chain solutions in the United States, rest of North America, France, the United Kingdom, rest of Europe, and internationally. The company operates in two segments, Transportation and Logistics. The Transportation segment offers less-than-truckload (LTL) services, such as density and day-definite regional, inter-regional, and transcontinental LTL freight services through a network of tractors, trailers, professional drivers, and terminals; and truck brokerage services. This segment also provides freight brokerage services, which comprise intermodal and drayage operations that offer customers with container capacity, long-haul transportation brokered with railroads, road transportation of containers performed by independent contractors, and on-site operational services; asset-light last mile logistics services for the home delivery of heavy goods; and ancillary services. The Logistics segment provides a range of contract logistics services, including value-added warehousing and distribution, e-commerce and omnichannel fulfillment, cold-chain logistics, packaging and labeling, factory and aftermarket support, and inventory management, as well as order personalization and supply chain optimization, such as product flow management services. This segment also offers reverse logistics, which is also called returns management. It provides its services to customers in various industries, such as e-commerce and retail, food and beverage, consumer packaged goods, technology, aerospace, telecommunications, industrial and manufacturing, chemicals, agribusiness, life sciences, and healthcare. The company was founded in 2000 and is based in Greenwich, Connecticut.
XPO - good potential to come down tomorrow 8/15Looking at the moving average on the daily charts, you can see that the stock is starting to trend down. MACD, StochasticRSI, and the Directional Movement indicators all agree with the movement down. The weekly chart is also showing a movement down still and has hit a ceiling on the middle bollinger band. Good opportunity to watch and get in if the stock shows a downward movement in the next day.