chaseflores10

FDX massive potential this week

Long
NYSE:FDX   FedEx Corporation
FEDEX is primed for a breakout this week. Will be paying close attention to XLI & UPS. FDX has had a 10% move the last 2 times UPS reported earnings . I don't expect 10% again but I wouldn't rule it out either. 10% puts FDX around $326. Symmetrical triangle has formed and ready for a move to the upside. Looking at playing the 8/6 $300 call options. Sympathy plays around earnings are much more profitable since options IV are much lower. (See Facebooks sympathy run off of SNAP & TWTR earnings last week)

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