Today’s instrument is the FedEx corporation traded on NYSE under the ticker (FDX).
Looking at the FDX’s chart, we can see that after last week’s announcement of its much worse-than-expected quarterly earnings, the stock keeps on losing value, dropping from the level of around $210 to the current level of around $153.25 which is its 52W low.
Today, if it manages to stay above that level, then we could expect it to rise towards its resistance level at around $163 otherwise it should fall to a new 52W low level.
More By This Author:
XAUUSD: A High Increase Can Be Expected
Nvidia Corporation: Testing Its Resistance Level At Around $145
AutoZone: Expected To Test Its High Level Of The Range At Approximately $2220
Comments
Log in or sign up to join the conversation.