Watching EXPD

[Goods]

EXPD has broken upward strong the past 5 days.

Broke through it's 200 SMA last Wednesday and sitting just below May 7th resistance of $45.99.

I'm watching for any sign of weakness Monday morning to short. Indicators are mostly saying overbought and it's been losing momentum over the past few days.

If it breaks through $46, I'll look to buy on a dip back towards that point and ride it upward.

[Goods]

Broke through and closed at $46.54 today. The reason this interests me is a very long symmetrical triangle, easy to see on the 2 yr chart. Looks even better across a 5-10 yr chart.

http://finance.yahoo.com/charts#char...urce=undefined

Outside of a May 3rd whipsaw, it's a pretty solid looking breakout. From what the books say, the longer the overall pattern, the more significant the move. And we should expect a 10-12 point move in the coming months. It was also recently upgraded by Baird. Hopefully more upgrades follow.

One caution: there may be a looming port strike on the west coast. I have no idea how this effects EXPD. Read up if you like.