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Stock Investors Sell Off Shares of Expeditors International of Washington, Down 1.9%

Published on Mon, 03/25/2013 - 12:25
By Adrienne Chilton

Expeditors International of Washington (NASDAQ:EXPD), a company whose shares are moving quickly, is trading 1.9% lower to $35.85. The Dow Jones Industrial Average is now trading 0.5% lower to 14,444 and the S&P is trading 0.3% lower to 1,552.

Expeditors International of Washington (NASDAQ:EXPD) has potential upside of 25.1% based on a current price of $35.85 and analysts' consensus price target of $44.87. The stock should run into initial resistance at its 200-day moving average (MA) of $38.35 and subsequent resistance at its 50-day MA of $40.98.

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.

Over the past year, Expeditors International of Washington has traded in a range of $34.20 to $55.30 and is now at $35.85, 5% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 1% while the 200-day MA has remained constant.

By Adrienne Chilton
achilton@fnno.com