• Subscribe
  • Log In
  • Home
  • Daily Diary
  • Asset Class
    • U.S. Equity
    • Fixed Income
    • Global Equity
    • Commodities
    • Currencies
  • Sector
    • Basic Materials
    • Consumer Discretionary
    • Consumer Staples
    • Energy
    • Financial Services
    • Healthcare
    • Industrials
    • Real Estate
    • Technology
    • Telecom Services
    • Transportation
    • Utilities
  • Latest
    • Articles
    • Video
    • Columnist Conversations
    • Best Ideas
    • Stock of the Day
  • Street Notes
  • Authors
    • Doug Kass
    • Bruce Kamich
    • Jim Cramer
    • Jim "Rev Shark" DePorre
    • Helene Meisler
    • Jonathan Heller
    • - See All -
  • Options
  • RMPIA
  • Switch Product
    • Action Alerts PLUS
    • Quant Ratings
    • Real Money
    • Real Money Pro
    • Retirement
    • Stocks Under $10
    • TheStreet
    • Top Stocks
    • Trifecta Stocks
  1. Home
  2. / Investing
  3. / Transportation

Higher Ground Still in Store for Expeditors International of Washington

The logistics company is likely to continue its two-year rally.
By BRUCE KAMICH
Dec 13, 2017 | 08:28 AM EST
Stocks quotes in this article: EXPD

Expeditors International of Washington (EXPD) last was reviewed in March. At that time we were bullish, noting that "we can see a good-sized base pattern and a breakout at $52.57. Prices could dip a little more in the short run, but aggressive traders looking to get long EXPD or add to longs in EXPD should buy a close above $57.50. This chart shows a possible longer-term price target of around $74." Let's look at some updated charts and indicators and suggest a strategy for the next few months.

In this daily bar chart of EXPD, below, we can see that prices dipped in April and May, but the longer-term uptrend reasserted itself and prices have rallied to $66, still short of our $74 price target. EXPD is trading above the rising 50-day moving average line after a number of tests in November. The 200-day moving average line is rising and was tested in early November.

The On-Balance-Volume (OBV) has risen the past 12 months but has moved up and down with the price action. The trend-following Moving Average Convergence Divergence (MACD) oscillator has been above the zero line since September, which is bullish, but recently the two lines of this indicator have begun to narrow toward a possible take-profits signal.

We can see a bullish setup in this weekly chart of EXPD, below. Prices are above the rising 40-week moving average line and the line has been tested several times over the past two years. The weekly OBV line is pointed up and tells us that buyers of EXPD on this time frame have been aggressive. The weekly MACD oscillator has been above the zero line for the past two years and is still in a bullish mode.

In this Point and Figure chart, below, we can see the uptrend from early 2016 and a $70.70 price target.

Bottom line: EXPD made a quick, sharp rally in late November and prices are consolidating/correcting those gains. EXPD is likely to continue its two-year rally with gains to $71 and then $74.

Get an email alert each time I write an article for Real Money. Click the "+Follow" next to my byline to this article.

Employees of TheStreet are restricted from trading individual securities.

TAGS: Investing | U.S. Equity | Industrials | Transportation | How-to | Risk Management | Stocks

More from Transportation

Watch These 2 Transport Stocks With Hong Kong Set to Rally

Alex Frew McMillan
Dec 6, 2019 10:00 AM EST

Is the Hong Kong market poised to jump 40%? Its happened before. Transport stocks have suffered more than any due to the city's disruption, and would lead that charge.

Think the Transports Don't Matter Anymore? Think Again

Helene Meisler
Dec 6, 2019 6:00 AM EST

Keep an eye on the Dow Jones Transportation index, as well as the odd reading on the put/call ratio.

How to Get Into Tesla

Carolyn Boroden
Dec 2, 2019 8:30 AM EST

Let's explore a few areas of entry on the daily chart that are worth looking at.

FedEx Finally Looks Ready to Make Its Move to the Upside

Bruce Kamich
Nov 27, 2019 2:13 PM EST

Let's check out the charts before they get too busy delivering packages.

2 Up-and-Coming Contenders for the Title of Dividend Aristocrats

Chris Versace
Nov 26, 2019 5:00 PM EST

Ross Stores and Expeditors International are among the potential candidates for receiving that distinction in the near future.

Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation. If you have questions, please contact us here.

Email

CANCEL
SUBMIT

Email sent

Thank you, your email to has been sent successfully.

DONE

Oops!

We're sorry. There was a problem trying to send your email to .
Please contact customer support to let us know.

DONE

Please Join or Log In to Email Our Authors.

Email Real Money's Wall Street Pros for further analysis and insight

Already a Subscriber? Login

Columnist Conversation

  • 10:10 AM EST BOB LANG

    Banking a Big Winner in SRPT, Rolling Up

    Nov. 20 here on the CC, I mentioned buying some Ma...
  • 10:36 AM EST GARY BERMAN

    Fibocall: How High Can Crude Go?

    On crude: I am looking for higher, but please b...
  • 08:20 AM EST BOB LANG

    Webinar Time - Talkin' Calendars, Butterflys

    join me later today after the market close as we t...
  • See More

COLUMNIST TWEETS

  • A Twitter List by realmoney
About Privacy Terms of Use

© 1996-2019 TheStreet, Inc., 14 Wall Street, 15th Fl, NY, NY 10005

Need Help? Contact Customer Service

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data & Company fundamental data provided by FactSet. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by FactSet Digital Solutions Group.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

FactSet calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.

Compare Brokers

Please Join or Log In to manage and receive alerts.

Follow Real Money's Wall Street Pros to receive real-time investing alerts

Already a Subscriber? Login