FedEx NYSE:FDX is hovering near a resistance area which it had previously broke prior to the start of the new year. However, in recent weeks, FDX has since fallen below that key level and appears to be retesting it. Just a few days ago, it tested the $255 area but failed to break through it. It appears that FedEx is trying to push past this area again. We will...
The Chart: If price can break this down trendline I am looking for the stock to move higher back into the range. Looking for the opposite of the downward reversal back on December 8. The Narrative: Despite the reopening online sales will continue to grow. Although Amazon is increasing becoming a competitor, the shipping market is largely a duopoly and as the...
I am long via Jan29 $260C's.
$fdx down 17% over last 30 days; daily RSI sub 40, turning back up; peg ratio 0.95 ; 28 % inst. ownership up 2.75% on quarter
FDX (Overall Bearish) 1 Hour Chart : Above 249.2 TGT 253.3/257.6 Below 247.8 TGT 245.6/244/242
Oversold bounce play, look for a reversal pattern and daily close over the breakout level. Good for a swing as well. Stop loss is a lower daily low.
Good morning everyone. Now I don't consider myself anywhere near as experienced as the other members here, but here is why I'm swinging fedex this week. -Price level has reached a significant volume week we had on the ascend prior to this large pullback, I highlighted this area. I'm trusting this level will at least bring some action due to longs adding to...
Bullish gartley, falling wedge @ horizontal support. Daily and 4hr classic bullish divergence on the MACD. Stop = Below horizontal support 1st Target = Gap-fill and 'A' 2nd Target = 'C'
wave structure is now ended to the downside wave A X 1.618 = TODAY LOW FOR WAVE C DOWN LOOK FOR A RALLY AT A MIN TO .618 BACK UP
Or is it time yet? FDX had a very steep rise and it appears some of the folks are getting off the boat..Looks to be forming a megaphone pattern. MP patterns tend to reverse price swings after 5 swings within the pattern. They usually either break up or break down. It is a broadening wedge formation. May be another swing up but only time will tell. I am afraid...
Watch for bounce. PTs $258, $274, $282, $305 if uptrend initiates
I am now moving into calls for april .I think we maybe at an end of this drop for wave 4 or wave A down look for a sharp rally now
FedEx pioneered overnight delivery in 1973 and remains the world's largest "express" package provider. In its fiscal 2020 (ended May 2020), FedEx derived 51% of revenue from its express division, 33% from ground, and 10% from freight; its asset-based less-than-truckload shipping segment. The company gained a lot of interest from COVID-19, the confinement made the...
Get it on the watchlist to see if it comes back into the range or rolls over in the coming days. Neutral until price dictates the action.
im bullish longterm but its showing signs of short term top on the chart/RSI, look for some simple moving averages/trendlines to act as support before entering long. I could be wrong though and FDX could rally over ath !
FDX dropped around $50 from its last earnings that it beat... The chart is signaling a reversal happening soon with support around 248 from a trendline. Combine this with the oversold RSI and how the market has worked lately... all signs point to buying the dip.