Watch the Rounding Bottom on EXPD closely. Trade with professional charting tools.
Gradual reversal from bearish to bullish.
Consolidation. Can break either way.
Sideways movement between parallel supports.
Bearish continuation pattern.
Bearish continuation if preceding move was down.
Traders are watching Expeditors International (EXPD) as price action tightens. Price has moved to $145.81 (1.04%) amidst recent volatility. Algorithmically, a Bearish Flag structure has completed. This setup is supported by average volume turnover. A potential breakout level is identified at $140.39, targeting $102.79 with support near $147.26 (R:R 5.47).
What is your outlook on EXPD?