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...
FDX reversed off its resistance at 169.49 where it could potentially drop further to 159.20.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
FDX is expected to drop to 1st support at 169.76 where it could potentially react off and up to 1st resistance at 159.20.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Decline will meet support at $150. If it goes below, TP $116.62.
Risk if it holds at support, possibly double bottom, and begin upward trend. In that case, possible resistance and new TP at $198.
Watching closely for post-close movement following 6/25 earnings. Expecting disappointment and subsequent drop.
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.
The transports and Fedex are having a very poor 2019 and investor sentiment is quite negative toward the entire sector. This is one of the most eagerly awaiting earnings report of the quarter as it could paint a very gloomy
picture regarding the world economy. In the past Fedex have not been shy to spoil the party with very negative commentary during the earnings...
FedEx Corporation (FedEx) provides a portfolio of transportation, e-commerce and business services through companies competing collectively, operating independently and managed collaboratively, under the FedEx brand. The Company's segments include FedEx Express, TNT Express, FedEx Ground, FedEx Freight and FedEx Services. The FedEx Express segment offers a range of the United States domestic and international shipping services for delivery of packages and freight. TNT Express segment collects, transports and delivers documents, parcels and freight on a day-definite or time-definite basis. The FedEx Ground segment provides business and residential money-back guaranteed ground package delivery services. The FedEx Freight segment offers less-than-truckload (LTL) freight services. The FedEx Services segment provides its other companies with sales, marketing, information technology, communications, customer service and other back-office support.
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FDX
