CFD Trading – Sell FedEx Corp. (FDX.NYS) @ $218.15. Stop @ $228.80 and Target @ $200.50.

FedEx Corporation Stock Code FDX.NYS


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


$218.15              Sell

$200.50              Price Target

$228.80              Risk Management Stop

3 weeks              Trade Duration

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