When the Price of Fedex $FDX Talks, People Listen
August 06, 2023, 14:00 pm ET, BY Thomas H. Kee Jr- Editor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for FDX
- Buy FDX slightly over 242.42 target 270.20 stop loss @ 241.72 Details
The technical summary data tells us to buy FDX near 242.42 with an upside target of 270.20. This data also tells us to set a stop loss @ 241.72 to protect against excessive loss in case the stock begins to move against the trade. 242.42 is the first level of support below 263 , and by rule, any test of support is a buy signal. In this case, support 242.42 is being tested, a buy signal would exist.
- Short FDX slightly under 270.20, target 242.42, stop loss @ 270.98 Details
The technical summary data is suggesting a short of FDX as it gets near 270.20 with a downside target of 242.42. We should have a stop loss in place at 270.98though. 270.20 is the first level of resistance above 263, and by rule, any test of resistance is a short signal. In this case, if resistance 270.20 is being tested, a short signal would exist.
Swing Trading Plans for FDX
- Buy FDX slightly over 265.22, target 270.20, Stop Loss @ 264.45 Details
If 265.22 begins to break higher, the technical summary data tells us to buy FDX just slightly over 265.22, with an upside target of 270.20. The data also tells us to set a stop loss @ 264.45 in case the stock turns against the trade. 265.22 is the first level of resistance above 263, and by rule, any break above resistance is a buy signal. In this case, 265.22, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short FDX slightly near 265.22, target 242.42, Stop Loss @ 265.99. Details
The technical summary data is suggesting a short of FDX if it tests 265.22 with a downside target of 242.42. We should have a stop loss in place at 265.99 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 265.22, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for FDX
- Buy FDX slightly over 263.60, target 265.22, Stop Loss @ 262.99 Details
If 263.60 begins to break higher, the technical summary data tells us to buy FDX just slightly over 263.60, with an upside target of 265.22. The data also tells us to set a stop loss @ 262.99 in case the stock turns against the trade. 263.60 is the first level of resistance above 263, and by rule, any break above resistance is a buy signal. In this case, 263.60, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short FDX slightly near 263.60, target 242.42, Stop Loss @ 264.21. Details
The technical summary data is suggesting a short of FDX if it tests 263.60 with a downside target of 242.42. We should have a stop loss in place at 264.21 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 263.60, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Fedex (FDX) available here: FDX.
FDX Ratings for August 06:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Strong |
| P1 |
0 |
0 |
215.01 |
| P2 |
263.60 |
265.22 |
242.42 |
| P3 |
266.59 |
272.24 |
270.20 |
AI Generated Signals for FDX
Blue = Current Price
Red= Resistance
Green = Support
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This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of Fedex (NYSE: FDX) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for FDX can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for FDX:
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