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

By Nick Russo

Fedex Corp (NYSE:FDX) shares have crossed bearishly below their 10-day moving average of $243.65 on a volume of 419K 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.

In the past 52 weeks, shares of Fedex Corp have traded between a low of $203.13 and a high of $274.66 and are now at $241.33, which is 19% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has declined 0.2%.

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