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Bullish Moving Average Cross by FedEx (FDX)

By Amy Schwartz

Today, shares of FedEx (NYSE:FDX) have crossed bullishly above their 10-day moving average of $166.60 on a volume of 288K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of FedEx have traded between a low of $119.71 and a high of $185.19 and are now at $167.42, which is 40% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 2.4%.

SmarTrend recommended that subscribers consider buying shares of FedEx on February 17th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $133.60. Since that recommendation, shares of FedEx have risen 23.6%. We continue to monitor FDX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses FedEx

Ticker(s): FDX