AntonioFX777

FedEx update

NYSE:FDX   FEDEX CORP
Price currently at the uptrend line, which was confirmed. Also 50% retracement level. With recent earnings disappointing and news came out today that there will be no renewal deal with Amazon at the end of this month.
While it is a good level for a buying opportunity, the stock seems to be more on the sell side for now. Major banks like Morgan Stanley and JP Morgan gave it a 'hold' rating and a price target of $143 and $173 respectively.
So far, higher probability is that this stock will go lower, so maybe best to wait for the next support if this one breaks and buy then. Or short the break of the current 150 support level . Good Luck!
DJT is a leading indicator for equities and it sells. Afraid this ship is sinking.
Reply
AntonioFX777 DaddySawbucks
@DaddySawbucks, seems that way for now. With Amazon taking more and more of its business, FedEx just has no room to grow.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Get Help Ideas Published Followers Following Private Messages Chat Sign Out