Insurance Technology Industry News

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

[January 18, 2013]

Upgrade Alert for Expeditors International of Washington (EXPD)

Jan 18, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Expeditors International of Washington (NASDAQ:EXPD) was upgraded from Neutral to Outperform at Credit Suisse today. The stock closed yesterday at $43.03 on volume of 1.3 million shares, below average daily volume of 1.6 million. In the past 52 weeks, Expeditors International of Washington share prices have been bracketed by a low of $34.20 and a high of $55.30 and closed yesterday at $43.03, 26% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 1.2%.

Expeditors International of Washington has overhead space with shares priced $43.03, or 5.2% below the average consensus analyst price target of $45.39. The stock should find initial support at its 50-day moving average (MA) of $38.79 and further support at its 200-day MA of $38.47.

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.

SmarTrend recommended that subscribers consider buying shares of Expeditors International of Washington on November 6th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $37.70. Since that recommendation, shares of Expeditors International of Washington have risen 14.1%. We continue to monitor EXPD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

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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