Buy dips in XPO Logistics

Ari Wald, Technical Analyst at Oppenheimer, recommends buying NYSE-listed XPO Logistics (XPO) in his ‘Chart of the Day’.

“The stock’s uptrend is healthy and indicates that pullbacks should be bought”, says Wald. The “breakout above $42 targets a rally to $49, and the breakout point is now a level of support.”

See chart.