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Expeditors International of Washington Crosses Below its 10-day MA (EXPD)

By Nick Russo

Expeditors International of Washington (NASDAQ:EXPD) shares have crossed bearishly below their 10-day moving average of $56.44 on a volume of 119K 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.

Over the past year, Expeditors International of Washington has traded in a range of $40.41 to $57.35 and is now at $56.25, 39% above that low. 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 February 10th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $54.38. Since that recommendation, shares of Expeditors International of Washington have risen 4.4%. We continue to monitor EXPD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses expeditors international of washington

Ticker(s): EXPD