EXPEDITORS INT WASH
(EXPD-Nasdaq):
Technical Viewpoint: From a low
of $36.07 on Mar 23, 2004 prices
rallied, reaching a
high of $42.16
on Apr 13, 2004. A
decline saw prices pull back, reaching a
low of
$40.05 on May 3, 2004.
Another rally saw prices penetrate
resistance, closing 5/6/04
at $43.46. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Mar 30, 2004 when the Histogram crossed the "0" line to the upside.
Support: Remains at $40.63. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on May 5, 2004. A P&F upside
reversal takes place at $42.00. Summary: Technical indicators have turned bullish. BUY! EXPEDITORS INT WASH
(EXPD-Nasdaq) @ $44.13 Stop: Use a protective stop of $42.13.
EXPEDITORS INT WASH is currently trading @ $43.46 plus $1.73 on May 6, 2004. Price Objective:
$54.00. Risk/Reward: $2.00 VS. $9.87. Today's Risk Reward Ratio: 5:1
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