FedEx: Expected Price Correction Towards Its Support Level
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)
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