Bearish Moving Average Cross by Expeditors International of Washington (EXPD)
Expeditors International of Washington (NASDAQ:EXPD) crossed under its 10-day moving average of $48.59 on a volume of 186K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.
Expeditors International of Washington share prices have moved between a 52-week high of $51.80 and a 52-week low of $40.41 and are now trading 20% above that low price at $48.30 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.4%.
SmarTrend recommended that subscribers consider buying shares of Expeditors International of Washington on January 29th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $44.67. Since that recommendation, shares of Expeditors International of Washington have risen 9.1%. We continue to monitor EXPD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
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