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

By Amy Schwartz

SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in Expeditors Intl (NASDAQ:EXPD) based on the price action in the company's shares. Yesterday's price range of $71.89 and $72.57 is within the prior day'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. Traders and investors interested in shares of Expeditors Intl may want to consider an appropriate entry level in the event a reversal to the upside transpires. It is important to look for confirmation.

Expeditors Intl (NASDAQ:EXPD) is currently priced 4.1% above its average consensus analyst price target of $69.08. Expeditors Intl shares should encounter resistance at the 50-day moving average (MA) of $74.37 and support at its 200-day MA of $67.05.

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.

In the past 52 weeks, shares of Expeditors Intl have traded between a low of $46.48 and a high of $78.16 and closed yesterday at $72.00, which is 55% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has declined 0.2%.

SmarTrend is tracking the current trend status for Expeditors Intl and will alert subscribers who have EXPD in their portfolio or watchlist when shares have changed trend direction.

Keywords: bullish am inside day candle expeditors intl

Ticker(s): EXPD