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Fedex Corp Crosses Below its 10-day MA (FDX)

By Amy Schwartz

Fedex Corp (NYSE:FDX) crossed under its 10-day moving average of $217.41 on a volume of 880K shares. This may provide short-term investors a chance 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 $145.00 to $219.99 and is now at $213.15, 47% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.6%.

SmarTrend recommended that subscribers consider buying shares of Fedex Corp on May 5th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $191.76. Since that recommendation, shares of Fedex Corp have risen 14.2%. We continue to monitor FDX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses fedex corp

Ticker(s): FDX