FedEx Corporation - 30d expiry - We look to Buy at 199.22 (stop at 188.73)
Traded to the highest level in 22 weeks.
Trading close to the psychological 200 level.
Levels below 200 continue to attract buyers.
We are trading at overbought extremes.
A lower correction is expected.
The sequence for trading is higher highs and lows.
Our profit targets will be...
Hard resistance overhead (R).
The resistance is from a prior gap down.
Earnings in March.
Short is 2.26%
No recommendation.
EPS (FWD)
13.65
PE (FWD)
13.69
Div Rate (FWD)
$4.60
Yield (FWD)
2.46%
Short Interest
2.26%
Market Cap
$47.17B
Daily trend line break + retest
Entry 157
Stop 140
Target 196
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
Fedex #fdx is in a clear sell/short range now. if the market is able to continue the momentum we could see #fdx reach 205/210 level but needs alot of liquidity to break resistance. the stock clearly respects the trend lines on the chart based on its history.
likely downside levels 120 short term, 106 and lastly below 100.
its best to wait and let it play out...
Hi everyone!
FedEx's main trend still remains bearish, but in the near term we are following an interesting technical rebound, that said, our guess is that the price action might need some consolidation on the intraday chart with a target 1 around $168.
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As for the coming holiday-shortened week, it tends to be a good one for stock investors. The S&P 500 has risen between Christmas and New Year’s Eve on 73% of occasions in its 94-year history, with a median return of 0.7%, according to Dow Jones Market Data.
That could cut the S&P 500’s 2022 loss, currently at 19.3%. There’s another historical trend in investors’...
The PEAD projected a Bullish outlook for $FDX after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 50%.
FDX Analysis:
On Feb 16th Sep. 2022, FDX sold off massively to create a huge gap ranging from $164.36 to $201.93. Before beginning a move back to the upside to fill this gap, FDX first dropped to a major demand zone at $132.83 - $141.26 which was also in confluence with the monthly chart 200 MA/EMA. It then ranged between $147 - $160 from the beginning of October...
Looking at the FDX FedEx Corporation options chain, i would buy the $125 strike price Puts with
2023-6-16 expiration date for about
$8.12 premium.
Looking forward to read your opinion about it.
Order BUY FDX NYSE Stop 155.27 LMT 155.27 will be automatically canceled at 20230401 01:00:00 EST
FDX daily hammer at support level buying zone. Stop loss below local low pivot, take profit into 50% Fibonacci retracement.
The PEAD projected a Bullish outlook for $FDX after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 33.33%.
Purchased more calls, further out $150 Nov 4th calls. FDX should bounce to $175 and can go down to $141 ish support after breaking $152 support. Way oversold, false bear flag.
