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Expeditors International of Washington Fulfills the Promise: Up 1.1% Since Last Week's Upgrade

Published on Fri, 01/25/2013 - 10:11
By Robert Cotter

One week ago Expeditors International of Washington (NASDAQ:EXPD) was upgraded from Neutral to Outperform at Credit Suisse. Expeditors International of Washington stocks closed at $43.19, a 1.1% gain over the course of one week.

Expeditors International of Washington (NASDAQ:EXPD) has potential upside of 6.5% based on a current price of $43.17 and analysts' consensus price target of $45.96. The stock should find initial support at its 50-day moving average (MA) of $39.27 and further support at its 200-day MA of $38.40.

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.

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 are now at $43.17, which is 26% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.0%.

By Robert Cotter
rcotter@fnno.com