$FDX has had a harsh year:
-From ATH of 274.66 in Jan 2018
-To a short term low of 137.78 in Oct 2019
As you can see, on the monthly chart, we have now touched the (almost) 11-year trend line from 2009:
Transports have been getting the worse end of the stick for a while, and it is right around the holidays - when a lot...
This seems to be an important area for this one. Downtrend in play, however we are in a zone that can bounce with easy stop location for good R:R - take into account this is counter trend on D / 4h .. so easy play - either we stop out or we bounce to TL - at which time take some off or get to BreakEven Point and hold for the break up to the "zone" above.. Big...
FedEx(FDX): Series on Equities(Extension to XLI post)- Sept 22nd (5 Minute Read)
Since I do not post much about individual equities (maybe this will change in the future), I will keep this post short and mostly technical. Nevertheless, some extremely significant fundamentals will be analysed. The purpose of this post is to analyse FedEx's performance and their...
Fedex has a $39.78B market cap, and has real trouble late months because of Amazon taking over its market share.
Now price broke the uptrend line and closed just below the $150 level. Still seems set to fall lower, so best to short it.
Long only possible if the price attempts to close the recent price gap, but it is less likely.
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...
Well, we have been crushing earnings.
I think FedEx gets crushed as well, either it's a big mover so the smart play is to straddle.
I'll have puts on this one though with this setup.
Let me know what you think, thanks.
UNP got downgraded today,
Took a beating while market is running,in addition to that, if FDX beats the earning tomorrow.
UNP can run with them too due to sector gains.
So we'll take a small position on unp with a tight stoploss.
Bounce play on unp
Entry at $162,
profit taking at 163.9