Look for Shares of Expeditors International of Washington to Potentially Rebound after Yesterday's 1.37% Sell Off
Expeditors International of Washington (NASDAQ:EXPD) traded in a range yesterday that spanned from a low of $47.32 to a high of $47.98. Yesterday, the shares fell 1.4%, which took the trading range below the 3-day low of $47.68 on volume of 409,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
In the past 52 weeks, shares of Expeditors International of Washington have traded between a low of $40.41 and a high of $51.80 and are now at $47.32, which is 17% above that low price. The 200-day and 50-day moving averages have moved 0.13% higher and 0.36% higher over the past week, respectively.
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 7.6%. We continue to monitor EXPD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
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