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Upgrade Alert for Expeditors International of Washington (EXPD)

By Nick Russo

Expeditors International of Washington (NASDAQ:EXPD) was upgraded from Underweight to Equal Weight at Morgan Stanley today. The stock closed yesterday at $47.88 on volume of 2.8 million shares, above average daily volume of 1.2 million.

Over the past year, Expeditors International of Washington has traded in a range of $38.14 to $48.16 and closed yesterday at $47.88, 26% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.

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.

Expeditors International of Washington (NASDAQ:EXPD) has potential upside of 2.7% based on a current price of $47.88 and analysts' consensus price target of $49.18. The stock should find initial support at its 50-day moving average (MA) of $44.44 and further support at its 200-day MA of $43.49.

SmarTrend is monitoring the recent change of momentum in Expeditors International of Washington. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Expeditors International of Washington in search of a potential trend change.

Keywords: analyst upgrades/downgrades expeditors international of washington

Ticker(s): EXPD