EXPD stuck within tight trading range
Moving lower for the 2nd day in a row, EXPD ended the week -4.56% lower at 73.08 after losing $0.17 (-0.23%) today. Trading up to $0.43 lower after the open, the stock managed to reverse during the session as bulls took control ending the day above its opening price. Closing within the prior day's range, prices failed to decisively move beyond the previous day's trading range. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.
Friday's trading range was $1.12 (1.54%), that's slightly below last trading month's daily average range of $1.60. Things look different on a weekly scale, where volatility is way above the markets average with the monthly volatility being above average. Prices continued to consolidate within a tight trading range between 72.12 and 74.03 which it has been in now for the last three days.
Prices are trading close to a key support level at 72.80. Prices are trading close to the key resistance level at 73.76.
Though still in a long-term uptrend, the short and medium-term trends both turned bearish already.
While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bullish.
Market Conditions for Expeditors Int'l
|Close to R1 Resistance||TQ Pro Members Only|
|Bearish Bounce off SMA 50||TQ Pro Members Only|
|4 Consecutive Higher Closes||TQ Pro Members Only|
|Hanging Man||TQ Pro Members Only|
|Close to Swing High||TQ Pro Members Only|
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