Expeditors International of Washington Bearish Moving Average Crossover Alert (EXPD)
Today, shares of Expeditors International of Washington (NASDAQ:EXPD) have fallen below their 10-day MA of $49.91 on a volume of 315K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, shares of Expeditors International of Washington have traded between a low of $40.41 and a high of $51.80 and are now at $48.98, which is 21% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has remained constant.
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 12.3%. We continue to monitor EXPD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
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