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Is GXO preparing to trend higher? Crossed Above 20 Day Moving Average shows up after advancing 4.4%
On Friday, October 31st, GXO moved up 4.4% while volume surged to 2.2× the usual levels. The unusually high volume suggests institutional participation in today's move. consolidation patterns formed: Bollinger Band Squeeze, suggesting a potential continuation after price stabilization. Key support levels exist at 54.24, 52.26 & 51.06, with resistance at 57.41, 58.61 & 60.59.
Current SwingTradeBot Technical Rating of GXO: B
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