FedEx Bearish Moving Average Crossover Alert (FDX)
FedEx (NYSE:FDX) crossed under its 10-day moving average of $165.13 on a volume of 220K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, FedEx share prices have been bracketed by a low of $119.71 and a high of $185.19 and are now at $164.73, 38% above that low price. The 200-day and 50-day moving averages have moved 0.07% lower and 1.62% higher over the past week, respectively.
SmarTrend is tracking the current trend status for FedEx and will alert subscribers who have FDX in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses FedEx