Weakened business outlook, operational inefficiencies, and worsened macroeconomic environment are among the reasons for the selloff of the delivery giant.
Although FedEx is the world's largest cargo airline and a major provider of parcel delivery services the near-term future is fulfilled with uncertainties
New shorts are coming and a test to the major support level of $178-$180.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
Although FedEx is the world's largest cargo airline and a major provider of parcel delivery services the near-term future is fulfilled with uncertainties
New shorts are coming and a test to the major support level of $178-$180.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.