Fedex Looking short as fundamentals are saying to sell this up right away plus it is rejecting over major resitance
FDX waiting for SHORT position. Target is @ 144.8.
This FDX weekly charts is one of my favourites. When I see a double top it is a very good indication that there will likely be significant downside. Lets see
FDX has started another rally that has more to go short term and long term. We need to move above 185 to end something. We are not there yet thus rally not over. How exactly we will get there is another story. Short term it appears we need at least another push up but it would look better the way I labeled the climb as shown here on this weekly chart. Doing just...
Price is retesting the high with great force....Watch for a rejection back down to consolidate before it resumes the uptrend.
Strong Weekly Englufing Pattern. Additionally, MFI indicates a Bullish Divergence. It is showing continued underlying strength
Basic TA Notes on charts keep it simple TrendLines and Support/Resistance Areas
Broke above trend line. Ready to move up if bulls want it bad enough from ER.
Only two earnings plays stick out to me this coming week -- FDX and ORCL, both of which announce earnings on 12/16 (Wednesday) after market close, so look to put on setups before NY close on Wednesday. Currently, FDX's 52 week IVR is at 54 (IV 34), which isn't stellar, but it's at 92 for the past six months. Moreover, there is pretty good credit to be had...
NYSE:FDX Bullish BAT: Point B: 38.2% to 50% XA Point C: 38.2% to 88.6% AB Point D: 88.6% XA (buy) Targets: TP1 38.2% AD TP2 61.8% AD Safe Trades;
I am putting a buy order at 178.6.That will confirm that it can bounce higher.
160 or 162.50 May 2k 5 Put sale or could consider a bull put spread. 200 SMA is a nice support along with $163.46 AO 4/29/15