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XPO INC., (XPO) provides freight transportation services in the United States, the rest of North America, Europe, the UK & internationally. It operates in two segments, North American LTL & European Transportation & offers services to different industries. It is based in Greenwich, CT, comes under the “Industrials” sector & trades as “XPO” ticker at NYSE, and has a 10.1 B$ market cap as of 29^th December 2023.

XPO is trading near an all-time high of $90.84, since 2002. It favors the upside in impulse sequence in ((1)) of III of (III) since the September-2022 low of II & soon expects to correct in ((2)).

XPO – Elliott Wave Latest Daily View: 

It placed (II) at a $13.30 low in the weekly sequence in the March 2020 low & II of (III) at a $24.75 low in the September 2022 low. Above there, it favors the upside in ((1)) of III of (III) & remains supported in 3, 7 or 11 swings pullback. It placed (1) of ((1)) at a $45.06 high in February 2023 & corrected lower in (2) at a $29.02 low in April 2023. The pullback was around 0.764 Fibonacci retracement of (1) before the rally resumed. It resumed higher in (3) as an extended sequence, which ended at a $80.42 high in October 2023. The pullback in (4) ended at a $65.80 low as a sharp correction, corrected below 0.236 Fibonacci retracement.

Above (4) low, it resumes higher in (5) & expects to remain sideways to higher to finish ((1)) soon before correcting in ((2)). It placed 1 of (5) at $90.78 high, 2 at $78.72 low & 3 at $90.84 high. It appears to correct lower in 4 of (5), which remains choppy before the upside resumes in 5 to finish (5) in diagonal sequence as ((1)) as long as the high comes with momentum divergence unless extending (5). Later, it expects to pullback in ((2)) correction in 3, 7, or 11 swings against II low before the rally resumes in ((3)) of III.

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