FDX trade ideas
$FDX with a bearish outlook projected after earnings $FDX with a bearish outlook projected after negative under reaction following its earning release placing the stock in Drift D
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FedEx Stock Lost From No Vision, But Robust Q2 Earnings ShineU.S. delivery firm FedEx released their Q2 2021 earning report showing total revenue of $20.6 billion which is up 19% year-over-year.
FedEx (FDX Stock) said quarterly profit almost doubled after rate hikes and spiking volume helped lower the cost of delivering pandemic-fueled e-commerce purchases to residential addresses.
FedEx had an operating margin of 7.1% with a net income of $1.23 billion. That represents a net income jump of 119% year-over-year.
FedEx stated that freight supporting ground and express during peak time achieved the best second-quarter operating margin since 2006.
In this video are my thoughts on FedEx and what is most likely to happen with support and resistance price points.
$FDX 2020-DEC-16๐๐๐๐ ๐๐๐ฟ๐๐ ๐ฟ๐๐๐๐๐๐ ๐๐๐ ๐๐ผ๐๐๐๐๐๐ ๐๐๐๐๐๐๐๐ ๐๐ผ๐๐๐?
Price has slightly dipped below the channel but not in any tangible way. The volume has been quite flat; and the RSI is dropping off - but if the next cycle of earnings are strong there is lots of opportunity on this chart.
How to trade FDX puts and win with minimal riskBack test of how to scalp PUTS on Stocks Options.
Hope this videos gives you insight to finding optimum entries with targets and stop losses. Risk Management is Key to your success.
Plan the trade, trade the plan. Trade safe and don't be greedy. ~In Nexus We Trust
$FDX Vaccine transporter and earnings catalyst LONGGGFEDX
Fedex should be on your watchlist for next week.
Up coming thursday is earnings, the earnings are promising and FDX
will deliver the first wave of vaccine. Big catalyst to based volume on.
Daily chart has shown that FDX respect the fib very well.
The .382 fib is important but we could still see it touching
the .50 fib.
Levels to watch are : .618 and .500 fib for support, .236 will be the
buy signal if it holds on the 5 min chart.
Waiting for MACD to show green
Pre market will tell us...
Target 305.2 and above