FEDEX Corp Stock code FDX.NYS
Outlook
Price fell below the cloud after its CFO warned that “slowing international macroeconomic conditions and weaker global trade growth trends continue, as seen in the year-over-year decline in our FedEx Express international revenue.” Price is now below the Conversion and Base lines as well as the cloud, hinting of a bearish trend ahead. MACD is turning bearish and Stochastic is about to turn down. Unless price is able to close the gap created yesterday, price is likely to decline lower.
Strategy
$177.80 Short Sell
$163.50 Price Target
$181.10 Risk Management Stop
3 weeks Trade Duration
Facebook Inc Stock Code FB.NAS
Outlook
Price attempted to close the gap but was unable to break below the support at $159.60. There was also a cloud support nearby. While price is below both Conversion and Base lines, price is above the cloud, hinting of a bullish trend. If price can stay above the cloud and the big gap, it should try the high again. Yesterday, price managed to move higher despite the overall market weakness. While MACD is showing signs of bearish divergence, the strong trend could override the divergence signals.
Strategy
$163.80 Buy
$175.90 Price Target
$158.10 Risk Management Stop
3 weeks Trade Duration
