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FEDEX CORPFEDEX CORPFEDEX CORP

FEDEX CORP

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FDX trade ideas

FDX - Following the TrendI decided to take a look at Fedex on the monthly chart and found this really nice parallel channel going back to 2000. A massive 213% gain since the march lows and it just took out the all time highs. We are getting close to the top of that channel but even a pullback and bounce off of 274 would present a decent R/R ratio. That is some crazy price movement and I think Covid just factored in what the trend already was. More people will continue to shop online and get their goods delivered. I think that is a no brainer at this point (especially with Covid cases rising). As a long-term investment is this really cheap equity? I don't think so but Fedex has the infrastructure in place to continue to expand and grow as less people go to the stores. That trend is likely to continue.... Good Luck! This is not financial advice!
NYSE:FDXLong
by ChrisPtaco_32
FedEx Shares Soar 220% in 7 Months!This year has seen a rise in home deliveries, especially during the lockdown period and FedEx appears to be one of a number of companies benefiting from this trend. Over the years price has been on a steady growth, and from a low of $34 in March 2009 price grew by 700% through to January 2018 and reached a high of $274. A decline was underway from that point, and in just 26 months the share price dropped to $88. Things did turn around in April this year as price started an impulsive trend back to the upside, not only breaking above last year's high and the $200 round number, but also the previous all-time high. As long as the demand for home deliveries remains high, we may see FedEx continue to shine. The next hurdle in the way is the $300 round number which may act as an obstacle but seeing how quickly price has climbed lately, the $300 psychological resistance may not cause any long-term problems. As price has created record highs this month, this stock has moved higher on our watchlist and now we are just waiting for a high probability setup before entering a position. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
NYSE:FDXLong
by Sublime_Trading
FDX - Potential Long OpportunityFedex has broken out of its downtrend from 2018 and has had a MACD crossover on the monthly chart. Volume looks strong but is waning now that it is in overbought territory on the RSI. A rejection off of the 1.618 retracement level and a retest of a strong support level may give a good entry point for a long position. I will be patiently waiting for the pullback for proper entry. As always, I am not a financial advisor and this is not financial advice. Do your own research and formulate your own theories. Good Luck!
NYSE:FDXLong
by ChrisPtaco_32