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Expeditors Intl Set to Possibly Rebound After Yesterday's Selloff of 2.87%

By Shiri Gupta

Expeditors Intl (NASDAQ:EXPD) traded in a range yesterday that spanned from a low of $70.38 to a high of $73.86. Yesterday, the shares fell 2.9%, which took the trading range below the 3-day low of $73.56 on volume of 366,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Expeditors Intl share prices have moved between a 52-week high of $78.16 and a 52-week low of $46.48 and are now trading 55% above that low price at $72.17 per share. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.2%.

SmarTrend recommended that subscribers consider buying shares of Expeditors Intl on November 2nd, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $69.82. Since that recommendation, shares of Expeditors Intl have risen 6.4%. We continue to monitor EXPD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders expeditors intl

Ticker(s): EXPD