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Fedex Corp Bearish Moving Average Crossover Alert (FDX)

By Shiri Gupta

Fedex Corp (NYSE:FDX) crossed under its 10-day moving average of $164.35 on a volume of 873K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Fedex Corp has traded in a range of $150.68 to $264.65 and is now at $161.96, 7% above that low. The 200-day and 50-day moving averages have moved 0.82% lower and 1.06% lower over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Fedex Corp. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Fedex Corp in search of a potential trend change.

Keywords: moving crosses fedex corp

Ticker(s): FDX