Expeditors International of Washington continues its bullish trend in order to test new highest level.

The economic and financial situation of the company is still strong. Estimated sales from Thomson Reuters consensus are encouraging. Debt is decreasing rapidly and the revenues are growing year after year.

From a technical viewpoint, the security is trading in a bullish trend in the short and the long term. Increasing moving averages let think there will be no reversal in the coming trading sessions. This growth should help to reach soon the USD 49.3 long term resistance.

According to both technical and fundamental elements, it seems opportune to open a long position at current prices. The bullish trend should allow the security to reach the USD 49.3 resistance. If the stock crosses it, a new target price will be set. A stop loss will be placed under the USD 46.9 short term support to prevent from a downtrend.