FDX appears to be trading in a horizontal trading range.
If price breaks a trendline in one direction, I will be excited.
Until then I will watch it bounce back and forth or swing trade it inside the Rectangle.
FDX has a history of trading in channels, but recently raised the dividend, I think?
Price on this one has a history of disappointment, but who knows this go around?
No recommendation.
If price breaks a trendline in one direction, I will be excited.
Until then I will watch it bounce back and forth or swing trade it inside the Rectangle.
FDX has a history of trading in channels, but recently raised the dividend, I think?
Price on this one has a history of disappointment, but who knows this go around?
No recommendation.
Comment:
Possible targets for a break to the upside are on top and targets down are below the rectangle if price breaks bottom trendline with a confirmed downtrend.
Comment:
I did not notice the inverse H&S at the bottom of the rectangle. Earnings were this afternoon and FDX is up $5 in after hours trading.
