FedEx: Expected Price Correction Towards Its Support Level

Mar 18, 2022 at 7:48 AM EDT

When we look at the FDX’s chart, we can see that it is currently traded at $224.

Today’s instrument is the FedEx Corporation stock traded in NYSE under the ticker FDX.

When we look at the FDX’s chart, we can see that it is currently traded at $224.

Last night they posted worse than expected earnings per share but better than expected revenue, therefore today we could expect a price correction towards its support level at around $215 before testing again its resistance level at around $225.

(Click on image to enlarge)

FedEx Corporation

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