United Parcel Service, FedEx, Expeditors Intl. of Washington, and CH Robinson Early Briefing and Review
LONDON, April 17, 2013 /PRNewswire/ --
2012 was a challenging year for air delivery & freight services providers such as United Parcel Service Inc. (NYSE: UPS), FedEx Corp. (NYSE: FDX), Expeditors International of Washington (NASDAQ: EXPD), and C.H. Robinson Worldwide Inc. (NASDAQ: CHRW) due to the slowdown in the global economy. The fortunes of air delivery & freight services providers depend heavily on the state of the global economy. Although there have been signs of improvement, the global economy is still not out of the woods as evidenced by recent economic data from China and the U.S. Shares of air delivery & freight services providers ended mostly higher on Tuesday, tracking gains in the broad market. StockCall has released free charting and technical research on these aforementioned companies. Register to read these reports at
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United Parcel Service Inc.'s shares edged higher on Tuesday as the broad market rallied. The stock touched an intra-day high of $83.23 before finishing the day 0.98% higher at $83.22 on volume of 2.37 million. Despite the gains, shares of UPS are down 1.3% in the last three sessions. The stock has had an excellent run so far in 2013, gaining more than 13.70%. United Parcel Service's shares are also trading close to their 52-week high of $85.95. However, the stock's MACD chart suggests that market sentiment has turned bearish. Sign up for the free report on UPS at
http://www.StockCall.com/UPS041713.pdf
Shares of FedEx Corp. ended higher yesterday; however, the gains were limited. The stock closed 0.45% higher at $95.14 on volume of 2.32 million. FedEx's shares began 2013 on a strong note, however, the stock failed to hold on to its momentum. Since February, the stock has been struggling, and is now trading well below its 50-day moving average. Its MACD is also trading below the signal line and the zero-line, which is a bearish signal. FedEx's shares have support at around $94. FDX free technical report can be accessed by signing up at
http://www.StockCall.com/FDX041713.pdf
Shares of Expeditors International of Washington ended marginally higher on Tuesday, reversing some of the losses from previous trading sessions. The stock touched an intra-day high of $36.29 before finishing the day 0.59% higher at $36.07 on volume of 1.88 million. The company's shares are now down nearly 2.60% in the last three sessions. The stock has struggled so far in 2013, falling more than 8.80%. Expeditors International of Washington's shares currently face resistance at around $37. Free report on EXPD can be accessed by registering at
http://www.StockCall.com/EXPD041713.pdf
C.H. Robinson Worldwide Inc.'s shares slipped yesterday even as the broad market rallied. The stock closed 0.59% lower at $57.17 on above average volume of 1.61 million, taking its losses in the last three sessions to over 5.60%. C.H. Robinson's shares have underperformed the broad market thus far this year, falling nearly 9%. The stock is currently trading 15.32% below its 52-week high. Shares of CHRW have also slipped below their 50-day and 200-day moving averages recently, which is a bearish signal. The negative trend is further confirmed by the stock's MACD chart. Register with StockCall and download the research on CHRW for free at
http://www.StockCall.com/CHRW041713.pdf
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