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Upgrade Alert for Expeditors International of Washington (EXPD)

By Nick Russo

Expeditors International of Washington (NASDAQ:EXPD) was upgraded from Hold to Buy at Stifel today. The stock closed yesterday at $46.74 on volume of 3.1 million shares, above average daily volume of 1.7 million.

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.

Potential upside of 11.6% exists for Expeditors International of Washington, based on a current level of $46.74 and analysts' average consensus price target of $52.14. Expeditors International of Washington shares should encounter resistance at the 50-day moving average (MA) of $46.89 and support at its 200-day MA of $46.22.

In the past 52 weeks, Expeditors International of Washington share prices have been bracketed by a low of $38.14 and a high of $50.08 and closed yesterday at $46.74, 23% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has remained constant.

SmarTrend is tracking the current trend status for Expeditors International of Washington and will alert subscribers who have EXPD in their portfolio or watchlist when shares have changed trend direction.

Keywords: analyst upgrades/downgrades expeditors international of washington

Ticker(s): EXPD