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.
China releases white paper, India in the crosshairs, Bank of Australia decision China has maintained a paused after the US showed trade aggression, apparently, hoping to reach an agreement. Apparently, hopes were not justified. As a result, the so-called “White Paper” was born. The document, which sets out the position of China in order to negotiations with the...
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, stoploss $161 profit taking at 163.9
With earnings season kicking off this week you should be watching to see how the market reacts to the reports. The S&P 500 has been trading range-bound for the last couple days as it continues to retest the 2600 resistance. I expect that 2600 will continue to hold lots of sellers and a breakout is less likely than a breakdown. With Apple, Samsung, FedEx and the...
FDX is approaching its support at 183.24 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support) where it could potentially rise up to its resistance at 208.33 (50% Fiboncci retracement, horizontal pullback resistance). Stochastic (55, 5, 3) is approaching support where a corresponding bounce could occur.
FDX is testing its support at 200.88 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support) where it could potentially rise to its resistance at 229.57 (50% Fibonacci retracement, horizontal swing high resistance). Stochastic (55, 5, 3) is approaching its support at 3.4% where a corresponding bounce could occur.
Quick analysis. If the market in general stays normal, there is a real possibility that FDX stays in the channel. Remember to always wait for confirmation of a bounce!
This stock is certainly on sale right now. Time to buy! Share your opinion, comments and questions. Good Luck! I will keep updating this post.
FEDEX shares Buy Idea @Weekly Demand Zone (222.41 - 214.36) Buy Limit: 223.76 Stop Loss: 212.32 Take Profit: 245.23
Looks like it's about to go down. This is just my analysis.
Still trying to find my way through TA and trend following, I chose to scrutinize a company that I picked to be in my portfolio at my internship. Back in October, I looked at FDX for a long position to fill out a portfolio of blue chip dividend paying stocks for a model client portfolio. As luck would have it, the stock then rose from $170 to $200. I was happy...
The price channel for this security its very clear, a ressitance at $195, and a support at $187. The candlestick formation is suitable and supports out idea for the trade. We can also get some help from the inexes, which we think are going to take a resto from the bullish trendes for a couple days.The trade is pretty simple.
NYSE:FDX Bullish BAT: Point B: 38.2% to 50% XA Point C: 38.2% to 88.6% AB Point D: 88.6% XA (buy) Targets: TP1 38.2% AD TP2 61.8% AD Safe Trades;