Based on the EMAs, Resistance 179.69, then down to 144 EMA 175.55 for (1) Support prior to earnings, which can cause a drop to the 377 EMA at 168.17 (Trefis Price 157.-12%) This is an options play set up since the dividend payout is when January Options expire. I'd expect a drop after earnings, then a gradual rise in price before dropping. Gas prices might be ...
Fedex Corp is moving within a steady rising trend on all charts – monthly, weekly and daily. There have been gaps in the upward movement over the recent sessions. The RSI is in the steady trend, with no signs of divergence. This means the upward movement continues following correction. As the previous correction was flat, future correction is expected to be deep. ...
FDX has been moving up since it's 2009 low but took some time to regain the ground lost from the 2007 high - with a long period of consolidation along the way.
Since breaking above the 2007 high ($121.42) late in 2013 price has still struggled to fall into a linear trend. However once price broke - and retested - the $150 zone a smoother trend has developed.
FDX is another one of our preferred trending stocks and has been discussed in our private forum a few times.
Price broke out of the regression trend channel almost 2 weeks ago and continued to trend upward. Yesterday price closed above the resistance level and this has now been placed onto our bullish watchlist.
Wewill wait for a chart pattern to set up any long ...
FedEx Corp. hit the record High today, but it still goes higher !
IH&S target (TP 1) had already met at 149.92 area.
Then next IH&S target (TP 2) will be up to 190.18. However it will
have one more leg down (wave 4 correction ) will be possible before
the Final climbing.
Nikita FX (http://climbingfx.jugem.jp/)
FDX one of the constituents of Dow Transportation index recently push the index to all time high (1st high most probably)
I suspect that there would be another high where Fedex's price touches the channel top (blue highlighted area)
Monitoring the uptrend line in both RSI & MACD to see whether supports are provided.
The worst case scenario for the correction ...
Another opportunity to buy FDX with CCI @ < -100 (-122 last)
Other trend indicators may be flashing trouble, including the S&P500, but FDX is a great long term play on the growth of the internet and with oil prices weakening recently, bodes well for margins going forward.
Either way, there is decent support just under current levels from the gap & summer ...
THIS IS WHAT I CALL A REVERSAL TRIANGLE FORMATION, INSTEAD OF REGULAR TRIANGLES WHICH ARE A CONTINUATION PATTERN, I USE THE DIAGONAL LINE AS A DESCENDING RESISTANCE , SO ONCE THE PRICE TOUCHES THIS RESISTANCE USING CANDLESTICKS AND OTHER INDICATORS I CAN DETERMINE A CHANGE IN THE PREVIOUS TREND.
US leading company: FedEX will make its top-out Formation after
this coming wave C-sub-4 correction (down to 113.71 ).
The top-out area will be 146.29---150.25 ( as Major-C = Major-A ).
Then it will be plunging into a total Fib. 38.2% correction area: 92.39
because of volume divergence.
Therefore short term view is SHORT, and mid term view is LONG and
long term ...