Fedex Corp Stock Code FDX.NYS
Outlook
Price closed above the cloud in the previous trading session, changing the chart outlook from bearish to bullish. A closing of the gap is also a hint of a change of trend direction. Conversion line and Base line had a bullish crossover and is hinting a bullish price trend. Lagging Span is above price of 26 days ago but is below the cloud. MACD is bullish with both its lines above the zero line. MACD is hinting at a bullish price trend. If price can stay above the cloud, it could be heading towards the previous resistance at $271.76.
Strategy
$253.80 Buy
$271.75 Price Target
$241.40 Risk Management Stop
3 weeks Trade Duration
