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Upgrade Alert for Expeditors International of Washington (EXPD)Jun 25, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Expeditors International of Washington (NASDAQ:EXPD) was upgraded from Equal Weight to Overweight at Stephens today. The stock closed yesterday at $36.71 on volume of 1.3 million shares, below average daily volume of 1.5 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 17.7% exists for Expeditors International of Washington, based on a current level of $36.71 and analysts' average consensus price target of $43.21. Expeditors International of Washington shares should first meet resistance at the 50-day moving average (MA) of $37.66 and find additional resistance at the 200-day MA of $38.27. In the past 52 weeks, shares of Expeditors International of Washington have traded between a low of $34.20 and a high of $55.30 and closed yesterday at $36.71, which is 7% above that low price. The 200-day and 50-day moving averages have moved 0.02% higher and 0.01% higher over the past week, respectively. 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. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |