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Bullish Moving Average Cross by Fedex Corp (FDX)

By Shiri Gupta

Today, shares of Fedex Corp (NYSE:FDX) have advanced above their 10-day MA of $141.71 on a volume of 162K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Fedex Corp share prices have moved between a 52-week high of $238.60 and a 52-week low of $137.78 and are now trading 4% above that low price at $143.68 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 1.6%.

SmarTrend is tracking the current trend status for Fedex Corp and will alert subscribers who have FDX in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses fedex corp

Ticker(s): FDX