GXO Logistics ( GXO) designs, manages and optimizes supply chains. Let's check out the charts and indicators.
In this daily bar chart of GXO, below, I can see that GXO has climbed higher from lows in October. Prices trade above the rising 50-day moving average line and above the rising 200-day line. The On-Balance-Volume (OBV) line has been strong and tells me that traders are being more aggressive buyers than sellers. The Moving Average Convergence Divergence (MACD) oscillator is above the zero line but correcting.
In this weekly Japanese candlestick chart of GXO, below, I see a positive picture. Prices are rising and trade above the rising 40-week moving average line. The weekly OBV line shows strength as does the Moving Average Convergence Divergence (MACD) oscillator oscillator.
In this daily Point and Figure chart of GXO, below, I can see an upside price target in the $74 area.
In this weekly Point and Figure chart of GXO, below, I can see the same price target as the daily chart above - $74.
Bottom line strategy: Traders could probe the long side of GXO around $60 risking to $54. The $74 area is my price target.
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