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Possible Bearish Inside Day Candle Pattern Detected for Expeditors Intl (NASDAQ:EXPD)

By David Diaz

SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in Expeditors Intl (NASDAQ:EXPD) based on the price action in the company's shares. Today's price range of $75.75 and $75.91 is within yesterday's high and low of the day. This trading action often signifies indecision by bulls and bears to drive prices higher or lower and often implies a possible change in trend. Owners of Expeditors Intl may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.

Expeditors International of Washington, Inc. is a global logistics company. The Company provides air and ocean freight forwarding, vendor consolidation, customs clearance, marine insurance, distribution, and other international logistics services.

Expeditors Intl share prices have moved between a 52-week high of $80.69 and a 52-week low of $62.90 and are now trading 21% above that low price at $75.86 per share. The 200-day and 50-day moving averages have moved 0.04% higher and 0.35% lower over the past week, respectively.

Expeditors Intl (NASDAQ:EXPD) defies analysts with a current price ($75.86) 8.9% above its average consensus price target of $69.08. The stock should find initial support at its 50-day moving average (MA) of $75.24 and further support at its 200-day MA of $72.72.

SmarTrend is monitoring the recent change of momentum in Expeditors Intl. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Expeditors Intl in search of a potential trend change.

Keywords: bearish inside day candle expeditors intl

Ticker(s): EXPD