Hey guys, these are my thoughts on fedex:
Stock bouced at a very strong support.
There was a complete change of emotions today, a change of power. ( The bears had control last week and were in power but today with a gap up and with a close for a positive day, the bulls are now in control and have the power. A lot of bears are starting to wonder if the should exit...
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.
I like fedex here, these are my thoughts:
There is a huge support line that goes from 2014-12-08 to today, so this is very strong. From the beginning to 2016-11-14, that was a nice resistance line but since the breakout of that resistance line, it became a support. The stock broke out that resistance line with strength, then came back at the support line and made...
was waiting to do something with FDX, but wanted ER to blow over first.
looks like a good short candidate. 2 possible bearish order blocks. first one got touched march 1 and fdx closed below. also touched fib level. 2nd possible order block entered marc 17 20 and 22 (today). also bearish divergence bar forming on daily. see if it closes today and completes the...
*Fractal of 9 months extrapolation taken from 2014-2015 with no modification
*Current levels tracking march 2015 right before earnings even at that time
*The levels of capex have been sliding in the last 2 yrs while the debt/equity has grown
partly to sustain the huge buyback program started in back in 2016, which defended four times the price action with the...
... for a 1.40 credit. (Earnings; Volatility Contraction Play).
Probability of Profit: 60%
Max Profit: $140/contract
Max Loss/Buying Power Effect: $360/contract
Break Evens: 181.10/203.90
Notes: Will look to manage at 50% of max.
With fourth quarter earnings announcements trailing off majorly here, there isn't much in the way of earnings to play, with the earnings of note for premium sellers being FDX, which announces on 3/21 after market close, and NKE (same).
FDX is toward the top of its implied volatility range over the past six months (85), with NKE in the 63rd percentile over that...