Initial support has moved up toward $215.00. Previous highs and lows suggest potential resistance tests on trend may appear near $245.00. ![]() More recently, the shares have snapped a downtrend line, completed and built upon a breakaway gap, and yesterday, regained $225.00 for the first time since last summer. Along the way, FDX has climbed back above its 50 and 200-day moving averages, which completed a bullish Golden Cross last month, and the $200.00 level. Since bottoming out back in September, FedEx (FDX) shares have been under renewed accumulation, steadily recovering lost ground in a Rising Channel of higher highs and higher lows. ![]() Yesterday, FDX returned to the Green Favored Zone for the first time since August, finishing in 25th position, up 3 places on the day and up 19 spots in the last month. FedEx (FDX) started clawing its way back up the rankings in the SIA S&P 100 Index Report last October, slowly at first down deep in the red zone and then accelerating in February.
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