Insurance Technology Industry News

TMCNet:  Upgrade Alert for Expeditors International of Washington (EXPD)

[November 30, 2012]

Upgrade Alert for Expeditors International of Washington (EXPD)

Nov 30, 2012 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Expeditors International of Washington (NASDAQ:EXPD) was upgraded from Hold to Buy at Stifel Nicolaus today. The stock closed yesterday at $37.35 on volume of 2.6 million shares, above average daily volume of 2.0 million. Over the past year, Expeditors International of Washington has traded in a range of $34.20 to $55.30 and closed yesterday at $37.35, 9% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 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 has overhead space with shares priced $37.35, or 16.1% below the average consensus analyst price target of $44.50. The stock should hit resistance at its 200-day moving average (MA) of $39.87, as well as support at its 50-day MA of $36.55.

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.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- 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

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