FedEx Corporation Stock Code FDX.NYS
Outlook
Price broke below the cloud in the previous trading session, hinting at a bearish price trend. A bearish Engulfing candlestick price pattern reinforced the bearish trend. Conversion line and Base line had a bearish crossover and is hinting at a bearish price trend ahead. Lagging Span is below price of 26 days ago but is above the cloud at the moment. MACD is hinting at a bearish price trend. If price is unable to move above the cloud, it could be heading towards the support at $200.45 in the next 2-3 weeks
Strategy
$218.15 Sell
$200.50 Price Target
$228.80 Risk Management Stop
3 weeks Trade Duration
