Expeditors International of Washington Set to Possibly Rebound After Yesterday's Selloff of 2.68%
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.
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.
Over the past year, Expeditors International of Washington has traded in a range of $40.41 to $52.58 and is now at $49.66, 23% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.4%.
Keywords: rebounders expeditors international of washington