Fedex at Make Break Level 209.11Seeing 209.11 as the key level to gauge if bears are still in control. Expecting bears to fight back hard to defend this key level.
FDX trade ideas
FedEx's exchange rate is declining.FedEx's exchange rate is declining. Our assumption is that the exchange rate drop will continue at nearly the same rate. Our primary target price is 180.87 usd. We will pick up a long position again from this level. At this point, the correction axis will be the target price near usd 213.67.
Buy FDX here, stop at 217.54...expect a 4 to 1 tradeFDX broke to the upside out of a Market Profile pattern today. Expect additional follow through.....
Identifying the Breakout on a big nameLet me know your comments please.
Expect consolidation soon I would imagine. But we also know what they say about expecting the market to do something
FDX, breakout on good volume.I look for breakouts with above average volume. FDX was a clear good candidate after taking out Dec 13 high.
Expect it to run into $208 with the DJIA being strong.
FedEx Fractal UpdateModel now tracking mid June 2015, back then at new all time high, just as today. Dow lagging behind looking for its own final top around the 21400 area. Ideal target of 20 handles in the wake of earnings, discretional stops as always.
FEDEX SHORT FEDEX breakinf a major trendline and is failing to break this current areas. Wyckoff distribution phase has formed and RISK TO REWARD is very nice.
FDX at all time highFDX is pushing highr to new all time highs
big vol last week and potencial breakout
on chart you can see the big uptrend and correction 50%
a long term hold on this trade 200 onlt firt stop in my opinion
Long FDXHey 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 tomorow if the stock move higher and maybe some people took their gains today so this looks strong for a reversal
When you see a nice downtrend move or uptrend move and then an indecision candle, it means that something is about to change in the direction of trend and this is what happen today.
Potential Short in FDX 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 with the result of the trend, however, as it approached $200, I felt uncomfortable keeping it in the portfolio. I thought it was overreached.
This is where I fight the deep value investing principles of "buy and hold" with the trend following rules of riding profits and taking profits when the trend has run its course. I am still trying to find a middle ground, I am getting closer.
Looking at the daily charts, FDX is hanging on to support at the 186.39 level. As of yesterday it crossed its 50 MA in a bearish manner, but I am looking for a confirmation and continuation of the bearish sentiment, and I like the probabilities.
Fundamentally, I wanted to get rid of FDX due to increased debt accumulation, decreased cash, and negative free cash flows. With a PE Ratio of 26, its more expensive than 73% of its competitors. Its trading 3.26 times book value, putting it more expensive than almost 90% of its competitors. Cash to debt ratio has decreased each year over the last four years, going from 1.64 in 2013, to 0.26 in May 2016. Enterprise Value for FDX has increased over the last four years from 28,572 to 54,136 in 2016, that's a high price tag for 26 times earnings.
For these reasons, I give more weight to the bearish probability outcome than I do the bullish one. Could the fact that I've found more shorting opportunities in larger cap "blue chip" stocks mean something for the overall market? I'm not sure. Would love some feedback.
If FDX breaks current support, look to take profits around the 200 MA. Not the greatest Risk Reward Ratio: 1.49, but nevertheless, interesting to see what happens.
SHORT Fedex Corp.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.
