After Yesterday's Decline of 2.68%, Expeditors International of Washington Offers Investors Better Value
Expeditors International of Washington (NASDAQ:EXPD) traded in a range yesterday that spanned from a low of $49.59 to a high of $51.10. Yesterday, the shares fell 2.7%, which took the trading range below the 3-day low of $50.56 on volume of 1.1 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
Expeditors International of Washington share prices have moved between a 52-week high of $52.58 and a 52-week low of $40.41 and are now trading 23% above that low price at $49.66 per share. 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 14.3%. We continue to monitor EXPD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: rebounders expeditors international of washington