FDX appears to be trading in a horizontal trading range.
If price breaks a trendline in one direction, I will be excited.
Until then I will watch it bounce back and forth or swing trade it inside the Rectangle.
FDX has a history of trading in channels, but recently raised the dividend, I think?
Price on this one has a history of disappointment, but who knows this go around?
No recommendation.
If price breaks a trendline in one direction, I will be excited.
Until then I will watch it bounce back and forth or swing trade it inside the Rectangle.
FDX has a history of trading in channels, but recently raised the dividend, I think?
Price on this one has a history of disappointment, but who knows this go around?
No recommendation.
Note
Possible targets for a break to the upside are on top and targets down are below the rectangle if price breaks bottom trendline with a confirmed downtrend.Note
I did not notice the inverse H&S at the bottom of the rectangle. Earnings were this afternoon and FDX is up $5 in after hours trading.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.