I've noticed FDX has been accumulating towards 297. I plan on taking some calls if it shows a willingness to close above the 297. This hopefully aligns with the holiday season and increased lockdowns. My target would be approximately 309
FedEx earnings is on 12/17 at 4pm. Price action range is $290 low - $310 mid- $330 high. I’m expecting an earnings surprise, leaning to the high estimate closer to $320-330. A 12/24 $300-320 call debit spread closed at $6.68 ($668) today. That’s a 1:3 risk to reward ratio. Earnings Whisper $4.74 Consensus: $3.82 Revenue: $19.24 Billion *3x lucky 7s of trading*...
FedEx reports earnings on December 17th, looking for an entry on dip and break of all time highs in the coming weeks.
Looks like accumulation. Getting tighter and tighter, marked by the arrows. Will see how it resolves.
FDX, looking to go. Will it? Got me. But I am stalking.
There is possible position to buy FDX if the resistance's breakout occurs.
FedEx nearing a breakout. Monitor for a close above ~$293.50. Bullish unusual options activity: $1.2M of 12/4 OTM calls traded yesterday Strikes ranging from $290-$305 Also ShopRunner acquisition news today might be the catalyst needed to break through the $300 level. Target: $340-$350 range possible by early January *Keep in mind there's an earnings release...
From the Covid-19 low, Fedex had a massive 230% rally. It pulled back a mere 13% and is now back testing its ATHs. The bottom line, big funds are not selling yet. Which means the stock is probably ready to start sprinting higher again after its short few days resting.
Simple idea on how FDX may move going into earnings next week.
FDX - It has completed the 3rd wave up in strong up trend and started correcting the move. The Y wave down in WXY correction as 4th wave in progress. So sell near 282-286 with stop level above 289.75 for target zone below 250. There a probability of triangle as 4th also possible. so in that case price would go up to 262 level. After completing 4th wave near 250...
Hello Traders, Fedex is a nice sell because it's hitting a large volume of sell orders right now. A good candle information at the big order zone will be the trigger for the sell. I will be posting updates if necessary. Thank you.
Like this if it can work its way back above the trend line and stay inside the box.
Nice move in fedex this morning. On watch into the close (no position)
In the first point that i talked about : All the weight fell on the store , which made it descend quickly and surprisingly // And this is a good thing because the store was freed and now it can go back up and rise again as we see in the second point : Thanks to my analyzes that i just made .. i want to tell you that .. after this point , it will rise by 96% and...