Expeditors International of Washington (NASDAQ: EXPD - option chain) stock is falling today after the company forecast second-quarter earnings of 24 cents to 26 cents a share, below analysts' projections of 30 cents per share. If you think this stock won't be rising too far in the coming months, then it could be a good time to look at a bearish hedged play on EXPD.This morning, EXPD opened at $28.94. So far today the stock has hit a low of $28.50 and a high of $30.15. As of 11:55, EXPD is trading at $29.95, down $1.71 (-5.4%). The chart for EXPD looks bullish and S&P gives EXPD a positive 4 STARS (out of 5) buy ranking`.
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