Back to top
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Expeditors International of Washington, Inc. (EXPD) - free report >>
We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Expeditors International of Washington, Inc. (EXPD) - free report >>
Image: Bigstock
Expeditors International (EXPD) Crossed Above the 50-Day Moving Average: What That Means for Investors
From a technical perspective, Expeditors International (EXPD - Free Report) is looking like an interesting pick, as it just reached a key level of support. EXPD recently overtook the 50-day moving average, and this suggests a short-term bullish trend.
The 50-day simple moving average is one of three major moving averages used by traders and analysts to determine support or resistance levels for a wide range of securities. But the 50-day is considered to be more important because it's the first marker of an up or down trend.
Shares of EXPD have been moving higher over the past four weeks, up 7%. Plus, the company is currently a Zacks Rank #2 (Buy) stock, suggesting that EXPD could be poised for a continued surge.
Looking at EXPD's earnings estimate revisions, investors will be even more convinced of the bullish uptrend. There have been 2 higher compared to none lower for the current fiscal year, and the consensus estimate has moved up as well.
With a winning combination of earnings estimate revisions and hitting a key technical level, investors should keep their eye on EXPD for more gains in the near future.