Expeditors International (EXPD) is a Large-Cap stock with a consistent chart pushing to new highs year after year. With all the attention to charts that swing and sway, this one seems to have a consistent trend of delivery shareholder profits. While its not a rapid rise in capital, the SCTR shows it to be a middle of the pack stock with readings between 30-70. This week the stock looks to be breaking to higher highs.
With a weekly trading volume average of 5 Million shares, there is enough liquidity. The volume the last two weeks have been a little light but a short week last week and summer volumes would make that a little light.
A MACD turning up above zero on the chart looks strong. Watch to see if it can break out to the upside and start another delivery of capital gains to shareholders.
Tom Bowley and I recorded a Market Outlook Webinar 2017-07-11. There are some interesting ideas for the next few months presented. The HD button will help the resolution.
Commodities have been interesting lately. With a retest of the 2016 lows, this is a good time to be looking for a major long-term trend change. You can check out the Commodities Countdown Video Recording 2017-07-06 for more information.
Greg Schnell, CMT, MFTA.