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.
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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.
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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.