FedEx: Expected To Rise Towards Its Resistance Level At Around $237
Today’s instrument is the FedEx Corporation stock traded on NYSE under the ticker FDX.
When we look at the FDX’s chart, we can see that after a sharp upward movement it is traded at $228.80.
Today they will announce its quarterly earnings and if the market’s anticipation is positive then we could expect its price to rise towards its resistance level at around $237 otherwise it should fall towards its support level at around $225.
(Click on image to enlarge)
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