Hello Traders and welcome to AAATrade’s Intraday Technical Analysis session.

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

Looking at the FDX chart, we can see that it has been in an uptrend as it was lastly traded at around $233.57.

Today, it is announcing its quarterly earnings and if the market’s anticipation is positive then it should test its 52W high price at $248.76. On the other hand, it could drop towards the support level which is located at around $218. 

Thank you for watching AAATrade’s Intraday Technical Analysis.

From all of us here, we wish you successful and responsible trading.

(Click on image to enlarge)

Get the full advantage of trading stocks with AAATrade. Open an account now.

More By This Author:

Technical Analysis Of Daktronics Inc. - Monday, June 19
Daily Technical Analysis Of EURGBP - Monday, June 19
Daily Technical Analysis Of EURGBP - Friday, June 16