ContraryTrader

FedEx earnings hangover

Short
NYSE:FDX   FedEx Corporation
Look for them to close the gap tomorrow .
A bunch of support around channel bottom
100ma( blue line)
200ma( Gold line).

If 279 gap close doesn't act as support and it falls through , that is a double top . If it falls through 279 I expect a touch of 200ma and bounce at 273.

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