Trading (FDX) With Integrated Risk Controls

September 16, 2024, 07:48 am ET, BY Patrick- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for FDX

• Buy FDX slightly over 282.88 target 305.5 stop loss @ 282.06 Details

The technical summary data tells us to buy FDX near 282.88 with an upside target of 305.5. This data also tells us to set a stop loss @ 282.06 to protect against excessive loss in case the stock begins to move against the trade. 282.88 is the first level of support below 287.25 , and by rule, any test of support is a buy signal. In this case, support 282.88 is being tested, a buy signal would exist.

• Short FDX slightly under 305.5, target 282.88, stop loss @ 306.38 Details

The technical summary data is suggesting a short of FDX as it gets near 305.5 with a downside target of 282.88. We should have a stop loss in place at 306.38though. 305.5 is the first level of resistance above 287.25, and by rule, any test of resistance is a short signal. In this case, if resistance 305.5 is being tested, a short signal would exist.

Swing Trading Plans for FDX

• Buy FDX slightly over 305.5, target n/a, Stop Loss @ 304.62 Details

If 305.5 begins to break higher, the technical summary data tells us to buy FDX just slightly over 305.5, with an upside target of n/a. The data also tells us to set a stop loss @ 304.62 in case the stock turns against the trade. 305.5 is the first level of resistance above 287.25, and by rule, any break above resistance is a buy signal. In this case, 305.5, 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 305.5, target 284.82, Stop Loss @ 306.38. Details

The technical summary data is suggesting a short of FDX if it tests 305.5 with a downside target of 284.82. We should have a stop loss in place at 306.38 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, 305.5, 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 288.04, target 305.5, Stop Loss @ 287.37 Details

If 288.04 begins to break higher, the technical summary data tells us to buy FDX just slightly over 288.04, with an upside target of 305.5. The data also tells us to set a stop loss @ 287.37 in case the stock turns against the trade. 288.04 is the first level of resistance above 287.25, and by rule, any break above resistance is a buy signal. In this case, 288.04, 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 288.04, target 284.82, Stop Loss @ 288.71. Details

The technical summary data is suggesting a short of FDX if it tests 288.04 with a downside target of 284.82. We should have a stop loss in place at 288.71 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, 288.04, 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 Corporation (FDX) available here: FDX.

FDX Ratings for September 16:

Term →	Near	Mid	Long
Rating	Neutral	Weak	Strong
P1	0	0	262.28
P2	283.31	276.97	282.88
P3	288.04	284.82	305.5

AI Generated Signals for FDX

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