Fed Ex FDX released earnings after the closing bell this afternoon,
and the stock immediately dropped 5 % to 172.50 in after hours trading
on the companies forecast of markedly slower world demand for shipping in 2019.
It is most interesting to note that Fed Ex stock peaked at 275 a share
way back in Jan.2018,and has been falling almost straight down ever since.
2019 rally in the market simply brought FDX back to overhead chart resistance,
before recently rolling back over again, prior to the poor earnings announcement today.
FDX Last 181.41
THE_UNWIND
3/19/19 St.Joseph's Day
Mountains/New York
and the stock immediately dropped 5 % to 172.50 in after hours trading
on the companies forecast of markedly slower world demand for shipping in 2019.
It is most interesting to note that Fed Ex stock peaked at 275 a share
way back in Jan.2018,and has been falling almost straight down ever since.
2019 rally in the market simply brought FDX back to overhead chart resistance,
before recently rolling back over again, prior to the poor earnings announcement today.
FDX Last 181.41
THE_UNWIND
3/19/19 St.Joseph's Day
Mountains/New York
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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.