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FEDEX CORPFEDEX CORPFEDEX CORP

FEDEX CORP

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FDX trade ideas

BUY $FDX - NRPicks Ene 10FedEx pioneered overnight delivery in 1973 and remains the world's largest "express" package provider. In its fiscal 2020 (ended May 2020), FedEx derived 51% of revenue from its express division, 33% from ground, and 10% from freight; its asset-based less-than-truckload shipping segment. The company gained a lot of interest from COVID-19, the confinement made the company generate more revenue and have better results. Since early december, the stock price has started to fall due to poor sales projections; however, there is still no 100% confirmed cure and the instability that the new virus strain may cause could favor its future. Fundamentals: - Growth - P/B 3.1x VS 3.1x industry - 10.6% estimated growth in net earnings for the next 3 years - ROE 17% vs. 11.4% industry Technicians: - Price level above SMA 250-200-150 - Williams R% at -77% levels - RSI (30) Oversold - 11% average upside during the month After a 19% correction from December 9th to January 8th, we can see that the sale was stopped on a $243 support. From this point on, the stock presented a reversal, the RSI is favorable and the stock is well below its medium term moving average.
NYSE:FDXLong
by NewroadTrader
FDX invalidation of previous 1-2 start, waiting on confirmationNext Fibb support is 246 on FDX, looking for a hold of support and consolidation, followed by a 1-2 start to the upside. Got stopped out back at 260. Disclaimer: The proceeding content is informational only and based on information available when created. It is not an offer or a solicitation nor is it tax or legal advice. It does not consider your financial circumstances and objectives and may not be suitable for you. Copyright Rohan Karunaratne 2020
NYSE:FDX
by UnknownUnicorn4017959
4
Market Review #26 Jan 4th 2021 - Qs, GLD, SLVOn today's video, we look at QQQ, TQQQ, VIX, GLD, and SLV, and overall how we see the market shaping out over the next couple of weeks. Disclaimer: The proceeding content is informational only and based on information available when created. It is not an offer or a solicitation nor is it tax or legal advice. It does not consider your financial circumstances and objectives and may not be suitable for you. Copyright Rohan Karunaratne 2020
NYSE:FDX
by UnknownUnicorn4017959
7
FDX needs to hold above previous low around 256Any break below 256 is the invalidation point to our macro 1-2 start, and could suggest further downside. Labelled in white is the potential bullish count, that would start in a 1-2 pattern. If we can see that, this could suggest a new trend that is filling out our wave 3 target to 356. I am personally stopped out, waiting for some consolidation around the current price (again, holding above the 256 level), or a 1-2 start. Disclaimer: The proceeding content is informational only and based on information available when created. It is not an offer or a solicitation nor is it tax or legal advice. It does not consider your financial circumstances and objectives and may not be suitable for you. Copyright Rohan Karunaratne 2020
NYSE:FDX
by UnknownUnicorn4017959