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FDX trade ideas

FDX Swing with Lines01/21/2021 Currently trading at 235.34, about to approach the 200EMA. I posted the chart so you guys can see what I see. This MA has been STRONG support and resistance for $FDX in the past, and now its looking to approach directly into the number. With strong fundamentals, and a contract to ship the COVID vaccines around the US, I am expecting this to be a good play. My prediction: FDX will slowly go towards the 200EMA, touch it and bounce, or stay on the number. UPS delivers earnings reports on 2/2, if they blow out of the water due to the high demand (bc of vaccines), you can expect FDX to also rally strong. My prediction is price will stay near the 200EMA, then rally away once UPS beats earnings. FDX can also go into the EMA, bounce away and use the UPS earnings as momentum to accelerate away from price. Note: This trade fails if it gaps below the 200EMA, and it starts closing daily below it. If you can, you want to take the trade very close to the 200EMA, maybe even a little above, cuz you don't want to miss the entry. Key Levels: Support: $230.27, $226.47 (The 200 EMA as of Friday), $217.50 (where I expect the 200SMA to be in a few days). Resistance: $256-257, $276, $293. I would take the 250C or 270C option if possible, maybe a mid march expiry. The 255C option will see a big increase in price once it reaches the 255 goal, I would take some profits there. Also important to note: This is dependent on the SPY not taking a massive shit this week, because it has been closing very weak as of late, and I would not be surprised if the whole market takes a downturn from here. If the market can make a recovery from here, then this play is much much more likely to work.
NYSE:FDXLong
by Itolav
FDX swing01/31/21 Currently trading at 235.34, about to approach the 200EMA. I posted the chart so you guys can see what I see. This MA has been STRONG support and resistance for $FDX in the past, and now its looking to approach directly into the number. With strong fundamentals, and a contract to ship the COVID vaccines around the US, I am expecting this to be a good play. My prediction: FDX will slowly go towards the 200EMA, touch it and bounce, or stay on the number. UPS delivers earnings reports on 2/2, if they blow out of the water due to the high demand (bc of vaccines), you can expect FDX to also rally strong. My prediction is price will stay near the 200EMA, then rally away once UPS beats earnings. FDX can also go into the EMA, bounce away and use the UPS earnings as momentum to accelerate away from price. Note: This trade fails if it gaps below the 200EMA, and it starts closing daily below it. If you can, you want to take the trade very close to the 200EMA, maybe even a little above, cuz you don't want to miss the entry. Key Levels: Support: $230.27, $226.47 (The 200 EMA as of Friday), $217.50 (where I expect the 200SMA to be in a few days). Resistance: $256-257, $276, $293. I would take the 250C or 270C option if possible, maybe a mid march expiry. The 255C option will see a big increase in price once it reaches the 255 goal, I would take some profits there. Also important to note: This is dependent on the SPY not taking a massive shit this week, because it has been closing very weak as of late, and I would not be surprised if the whole market takes a downturn from here. If the market can make a recovery from here, then this play is much much more likely to work.
NYSE:FDXLong
by Itolav
💡$FDX 📚 More upside for FedEx? 💰+15%📈FedEx looks primed to continue its bullish price action after a 20% pullback from all time highs. There is some resistance to support to watch out for at $258. The short term trend is still bearing, so watch for a break of the descending trend line and a break above $258. The MACD is also curling up for a crossover with bearish volume decreasing on the Daily chart. The last three trading days have seen some good green candles with nice volume. A continuation of the long term trend could see 15% upside, with 6.6% risk (R/R: 2.36). There are some previous levels of resistance from previous price action to be on the look out for. It might be worth noting the median price forecast for FDX is $335.5 which is 33% from current prices. 🔎This is not financial advice. Always do your own research and due diligence.
NYSE:FDXLong
by zvissss
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. REMEMBER: Reference to specific securities should not be construed as a recommendation to buy, sell or hold that security. Specific securities are mentioned for educational and informational purposes only. YouCanTrade is an online media publication service which provides investment educational content, ideas and demonstrations, and does not provide investment or trading advice, research or recommendations.
NYSE:FDXLong
by UnknownUnicorn6775423
Fedex For a Swing TradeGood morning everyone. Now I don't consider myself anywhere near as experienced as the other members here, but here is why I'm swinging fedex this week. -Price level has reached a significant volume week we had on the ascend prior to this large pullback, I highlighted this area. I'm trusting this level will at least bring some action due to longs adding to those positions, shorts taking their gains from the recent weeks, and new investors finding this pullback attractive here. -The RSI is bouncing on those previous RSI levels too - see the RSI indicator trendline I've inserted for you. -UPS had a pretty nice gain yesterday too with +2%, this may bring attention to FedEx as traders see this while scanning their gainers and losers afterhours. -So, I decided to jump into FDX for an option swing on yesterdays lows. I purchased 10 February 19th/300 strike. Goodluck everyone, and again I'm loving this group and platform. Very friendly and very well organized.
NYSE:FDXLong
by scott239florida
1