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FedEx Corporation (FDX)

NYSE
Currency in USD
Disclaimer
265.77
+3.71(+1.42%)
Closed
After Hours
264.82-0.95(-0.36%)

FDX Comments

Conclusion:  yesterday's closing (Sep 15, 2020). FDX closed at 236.67, is at RSI 74.  Will it go up tonight? Yes, because Q1 earning eps beat market forecast vs LY ($4.72 vs $2.79 vs $2.84) How long will it last? Not long... RSI 83 is the extreme limit.  How far will it plunge? Next level support is at 228 but it may go into correction at 180 price point which is strong support level near EMA200 (Exponential Moving Aveage). History told us it can drop 40+% but Covid situation may change the game and it depends how FDX can either take advantage the situation or eaten up by the market.  Happy trading....
Mr Diamond... I agree. $88 in March was ridiculous but think in 6 months now $256+ is also ridiculous. $180 target seems like the right valuation. Time will tell but appears to be irrational exuberance. Amazon ramping up it's delivery services by way of adding 1,000 Hubs and ultimately up to 1,500. I wouldn't buy FDX here. Only if it drops below $180.
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