FDX Day Trade (Brad Reed Dec17,2014)Expect FDX to open at 168 for a Retest Gap. Watch for close support and resistance. To learn to trade this strategy for free, go to www.RealLifeTrading.com
FDX trade ideas
Can FedEx Deliver Profits?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 breaking record lows to boost profits, but Net Debt drops per share price to $69. Ground Shipment drives up per share price to 137.82. FedEx might integrate Netgas in 2015 that will help the bottom line, but not in the first quarter in 2015. EBITDA margins down from 16.8% to 14.9% (2011) due to increased fuel surcharges; this could be a repeat midway into 2015.
Fedex Corp: time to correctFedex 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. This correction aims to close the gap at USD 172.
My forecast participates in the Market Forecaster contest. Follow the link to vote for it and help me win the top prize. Thank you.
FDX gaps up with bearish barsFDX 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.
In the last couple of weeks FDX has gapped up three times on higher volume. While this should indicate strength, to the upside, the move as been most peculiar - each breakout bar has been bearish.
For this reason it may be prudent to wait a while to see how the trend develops. This may mean standing aside until $200 is cleared.
FDX breakoutFDX 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 positions.
FedEx hit the record High, but still goes higher (Nikita FX)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 (climbingfx.jugem.jp)
Puzzle not solved yetFDX 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 would be around 140.5
Fedex Corp -FDX -Daily -Trend is still up and now oversold =buyAnother 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 consolidation.
Risk 3 ATR's, Upside 3-5 ATR's.
Tim
156.49 10/8/2014 9:50AM EST
FDX IS YELLING TIMBERTHIS 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.
FedEX top out Formation ( Nikita FX )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 view is SHORT again.
Nikita Fx ( climbingfx.jugem.jp )
Look for the other leaders to also break down.With momo stocks selling off, look for other leaders to follow.
Low Volume Reverse ....FDX reverse now with low volume and it will face support @ 113.30 i think the stock will resume the uptrend direction forward 120 Min , i would suggest FDX 18 Oct Call strike 120 @ 0.64 now
FDXTale of Two Charts Part II - Bearish Butterfly. The monthly and weekly are not telling me the same story. Best to wait in my view
FDXI'm just learning harmonics, but this looks like a valid Butterfly. The question is, when price hits the PRZ, how much of a turn can we expect?
