Expeditors Can Fly To $100 [+23% Upside]
Shares of Expeditors International of Washington, a $13B Air Delivery company, can fly to $100, representing 23% upside from current levels. The stock has been in an amazing uptrend for more than three decades. Shares are up a whopping 51,600% since its $0.15 low in 1985. Not bad for an under the radar company that not many people have heard of. Apply fibonacci extension analysis to the chart's 2006 high and 2009 low generates two relevant price targets today: $100 from the 261.8% extension level, and $147 from the 423.6% extension level. The stock just broke above its 161.8% extension level, signalling that the march is on to $100.