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Expeditors International of Washington (EXPD-N, Monday’s close US$156.69) declined from US$137.80 in December, 2021, to US$86.08 in September, 2022, (A–B), and after a recovery rally to US$128.04 in July, 2023, the stock settled in a horizontal trading range between US$105 and US$130 for about two years (dashed lines).
EXPD had a breakout from this range in late 2025 and reached a high of US$167.19 earlier this year. It was overbought at this time and trading far above its 40wMA. The stock has since pulled back to its average where it appears to have found solid support (E) and now appears ready to resume the uptrend. There is solid support near US$138-140; only a sustained decline below this level would be considered negative.
Point & Figure measurements provide targets US$175 and US$190. The size of the prior trading range (dashed lines) supports additional upside targets.
Monica Rizk is the Senior Technical Analyst of the Phases & Cycles publication (www.capitalightresearch.com). Chart, courtesy of www.LSEG.com