XPO.NYSE Potential Cup & Handle PatternXPO is looking to print a Potential Cup & Handle Pattern which is Bullish.
Should this pattern play out, I have plotted the potential Upside potentials.
The recent downtrend's due to Tarif Inflationary concerns might see some relief, depending on the FED decision's. However the Markets do not like uncertainty, and hence the sell-off.
Investing, Trading is always Risky. And in the shorter term if you sell too early will result in your loss of Capital. Rather stay away if you are unsure.
However, the best results are obtained when getting in when there is Blood on the Streets, and also timing the lows, which very few get correct.
Should you appreciate my Chart Studies, Smash That Rocket Boost Button. It's Just a Click away.
Regards Graham.
XPO trade ideas
XPO Logistics Stock Quote | Chart & Forecast SummaryKey Indicators On Trade Set Up In General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# XPO Logistics Stock Quote
- Double Formation
* 132.00 USD | Area Of Value
* (Neckline) At 118.50 USD | Subdivision 1
- Triple Formation
* 012345 | Wave Count Condition Valid | Subdivision 2
* 167.00 USD | Wave 3 | Ongoing Entry | Subdivision 3
* Daily Time Frame | Trend Settings Condition
Active Sessions On Relevant Range & Elemented Probabilities;
European Session(Upwards) - US-Session(Downwards) - Asian Session(Ranging)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Sell
Momentum move in XPO LogisticsIn the past 2 months, XPO Logistics's stock price has experienced a decline. However, there are certain indicators that suggest a potential opportunity for investors to buy the stock. This trading idea is based on the provided facts and aims to take advantage of the stock's price appreciation potential and high trading volume.
Strategy
The trading idea revolves around two key factors:
High Trading Volume: XPO Logistics, Inc.'s daily trading volume spiked by 367% in the previous session. This indicates increased market activity and interest in the stock. Higher trading volume often suggests greater liquidity and can potentially lead to price volatility, providing opportunities for traders to profit.
Price Performance: Despite the recent decline, XPO Logistics's stock price has moved up by 30% since the beginning of the year. This indicates a positive price trend and potential for further growth.
Core Logic
The core logic behind this trading idea is to identify stocks that have shown substantial price appreciation and high trading volume. By targeting such stocks, investors can potentially benefit from short-term price movements and capitalize on market momentum.
Technical Outlook
The MACD analysis for XPO Logistics (XPO) indicates that the stock is entering a bullish phase. The price action has crossed above its signal line, suggesting an upcoming boost in bullish sentiment. This analysis provides valuable insights for traders and investors looking to capitalize on potential price movements.
In the past five days, XPO Logistics has experienced a drop in its stock price. However, it has outperformed the Nasdaq by an impressive 264.85% so far this year. With a market cap of $8.99 billion, XPO Logistics remains a significant player in the stock market.
Yesterday, XPO Logistics saw a surge in trading volume, with 6.23 million shares traded, which is 367% higher than the average. Traders are now closely monitoring the stock's movement as it approaches its opening price of $73.24.
Furthermore, XPO Logistics broke through a key Fibonacci resistance level at $70.56, and since then, its price has continued to rise. This breakthrough indicates a strong bullish sentiment in the market.
In a positive session, XPO Logistics gained $10.15, or 15.08%, according to technical analysis. Despite this significant increase, the stock is currently rated as "Neutral" based on this analysis.
In comparison, some other stocks also experienced positive movements in yesterday's session. United Parcel Service (UPS) added 2.93%, General Electric (GE) saw a 3.25% increase, and Union Pacific (UNP) surged from 201.72 to 205.8.
Based on the MACD analysis and the recent price movements, XPO Logistics appears to have bullish potential. Traders and investors should closely monitor the stock for further developments.
Conclusion
Considering the provided facts, the trading idea is to buy XPO Logistics, Inc. (XPO) stock. However, it is important to note that this strategy is suitable for investors with a moderately short investment horizon and a high risk tolerance. As always, it is recommended to conduct further research and analysis before making any investment decisions.
XPO is a hold for nowXPO Logistics enjoyed a nice run up from $44 to now.
I saw unexpected acceleration on the curve pointing to a correction back to the trend.
Will you stay in? Which is what the WISE Investors do, or simply take a profit.
If you do sell, you might lose the compound effect on your interest, should the trade pop higher.
Your thoughts and decision's are welcome.
Trade Wisely.
Graham.
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 (Updated)I don't remember publishing this chart. However, it looks like price reached the 50% retracement of the previous high and even went on to test the 61% fib level. Although price could be setting a resistance here, I believe this is a solid company and am setting up a new buy target for a longer move towards the retracement of 88% down the road. Price does look as if it rejected the 200 ema at a point of control so we could be playing tug of war before a true run is made. Biden is working with these companies to improve supply chain issues so keep that in mind! Price reaching $76 would be a 38% retracement of the recent low and would be a good average down area in my eyes. Not advice.
XPO broke out of months long consolidationXPO broke out of consolidation that dates back to June of 2021 and is making new all time highs.
It's a good company that moves with the general market and is expected to do even better in the coming year.
It recently broke the resistance range between $88 and $89.30 and has retested the upper bound as support.
The next measured objective is $99.40 to $100.
High Consolidation Pattern in XPO LogisticsXPO Logistics has calmly sat above its old highs for the last four months, and now the chart may be poised for a run.
First, notice the series of higher lows since January 29. Also notice how quickly it’s rebounded from drops – similar to CSX .
Second, XPO’s 21-day exponential moving average (EMA) has risen above its 50-day simple moving average (SMA). This is a potential sign of intermediate-term momentum turning more bullish.
Third, the 100-day SMA has snuck up from below to provide support. In this way, it also resembles CSX.
Finally, a look further back to 2018 shows a double-top around $115.50, followed by a drop of more than 50 percent. XPO has consolidated above that level for the last four months, a potential sign of old resistance becoming new support.
Sector trends could also favor XPO because it provides shipping services. That places it in the Transportation industry, which has broadly outperformed the S&P 500 this year as investors look for the economy to rebound from the coronavirus pandemic.
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