Fedex
FEDEX sitting on MA200 support Fedex reached ATH on May 27 and since then it has been sidetracking and recently gapped down on Jul 27 (2 months later) and now sitting on the MA200 support.
Is this a good sign ?
My analysis is that, the bull run is probably for the time being and fedex could be going sideways for a while and might even break the MA200 support.
Chance of it breaking is QUITE HIGH
Looking at the Dow Jones Transportation, the sector seems to be underperforming compared to the SPX and Dow indices. Please look at my previous post on UPS and DJT.
FedEx (FDX) bearish scenarioThe technical figure Triangle can be found in US company FedEx Corporation (FDX) at daily chart. FedEx Corporation, formerly Federal Express Corporation and later FDX Corporation, is an American multinational shipping & delivery services and supply chain management company headquartered in Memphis, Tennessee. The Triangle has broken through the support line on 28/07/2021, if the price holds below this level you can have a possible bearish price movement with a forecast for the next 9 days towards 274.60 USD. Your stop loss order according to experts should be placed at 301.95 USD if you decide to enter this position.
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It Make Sense Buying Into A Rising Stock - A Case Of FEDEXArguably one of the best performing stocks after the outbreak of Coronavirus. Just made some corrections and heading towards the bearish order candle. A new 52 week high with a low PE ratio indicate a high potential for this stock.
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
SELL Fedex short termFedex in the short term, is in a lateralization of the price. It is the ideal setting for short-term operations.
I'm going to show you my new operation.
Fedex had a false break to the upside of the side channel, and is likely to want to retest the low level of the channel.
I am showing you a sale with risk / reward 2.
Fedex will present results this Thursday, so there will be a lot of volatility. I think the operation will be finished this week.
This is just my thought on what the price will do. Do your own research.
FDX - Hovering near key area of support/resistanceFedEx 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 keep our eyes on it as time progresses. Fed EX is currently trading 16% below it's recent highs.
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But it is in a great buying opportunity range under 260.00 There was a long red wick on the weekly chart on the ninth of November,
meaning a future down trend, at least in my opinion it does,
Plus it broke my white support line.
So it’s going under 262.00 to 258.40 or maybe 255,
But it’s in a great buying opportunity range under 260.00.
Happy Holidays, and safe trading everyone.
FedEx Stock Lost From No Vision, But Robust Q2 Earnings ShineU.S. delivery firm FedEx released their Q2 2021 earning report showing total revenue of $20.6 billion which is up 19% year-over-year.
FedEx (FDX Stock) said quarterly profit almost doubled after rate hikes and spiking volume helped lower the cost of delivering pandemic-fueled e-commerce purchases to residential addresses.
FedEx had an operating margin of 7.1% with a net income of $1.23 billion. That represents a net income jump of 119% year-over-year.
FedEx stated that freight supporting ground and express during peak time achieved the best second-quarter operating margin since 2006.
In this video are my thoughts on FedEx and what is most likely to happen with support and resistance price points.
FDX / FEDEX CORP , Buy now .. its the best opportunity !!!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 this is suitable opportunity reap your profits .
As you can see this is my first post here .. but that doesn't mean that i am not a pro !!
FedEx Shares Soar 220% in 7 Months!This year has seen a rise in home deliveries, especially during the lockdown period and FedEx
appears to be one of a number of companies benefiting from this trend.
Over the years price has been on a steady growth, and from a low of $34 in March 2009 price grew
by 700% through to January 2018 and reached a high of $274.
A decline was underway from that point, and in just 26 months the share price dropped to $88.
Things did turn around in April this year as price started an impulsive trend back to the upside,
not only breaking above last year's high and the $200 round number, but also the previous all-time high.
As long as the demand for home deliveries remains high, we may see FedEx continue to shine.
The next hurdle in the way is the $300 round number which may act as an obstacle but seeing how
quickly price has climbed lately, the $300 psychological resistance may not cause any long-term problems.
As price has created record highs this month, this stock has moved higher on our watchlist and now we
are just waiting for a high probability setup before entering a position.
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.