Stock to Sell #2 – Expeditors International of Washington (EXPD)
Expeditors International of Washington (NASDAQ:EXPD) provides customers with an international network for the movement of goods. It includes the positioning and forwarding of air and ocean freight.
On Aug. 6, Goldman Sachs (NYSE:GS) lowered its price target and placed a “sell” recommendation on the stock. The stock is in a clearly defined bear market channel. There has been heavy selling recently, and the MACD indicator went to a “sell” in late August. Sell EXPD with a target of $30.