Expeditors International of Washington (EXPD), part of the Dow Transportation Average, looks like it is going to take a route south in the weeks and months ahead.
In this chart above, we can see EXPD travel higher, but there is a shift in the last two to three months. EXPD is now (again) under the 50-day and 200-day moving averages. The On-Balance-Volume (OBV) line peaked in October and the trend following Moving Average Convergence Divergence (MACD) oscillator is below the zero line, indicating that EXPD is in a downtrend. Putting aside the indicators for a minute and just looking at the chart, we can see that EXPD is testing its last reaction low around $46. A close below this low will "refresh" the downtrend.
In this three-year chart, above, we can see that the OBV line peaked in early 2014. The MACD oscillator just signaled a bearish crossover and prices are below the 40-week moving average. Below the $46 level, the next chart support is $44 and a break of that level will make the chart even more bearish.