Fedex has a $39.78B market cap, and has real trouble late months because of Amazon taking over its market share.
Now price broke the uptrend line and closed just below the $150 level. Still seems set to fall lower, so best to short it.
Long only possible if the price attempts to close the recent price gap, but it is less likely.
Good Luck!
Now price broke the uptrend line and closed just below the $150 level. Still seems set to fall lower, so best to short it.
Long only possible if the price attempts to close the recent price gap, but it is less likely.
Good Luck!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.