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FedEx Crosses Above its 10-day MA (FDX)

By David Diaz

FedEx (NYSE:FDX) crossed over its 10-day moving average of $160.35 on a volume of 147K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

FedEx share prices have moved between a 52-week high of $185.19 and a 52-week low of $119.71 and are now trading 35% above that low price at $161.08 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.6%.

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

Keywords: moving crosses FedEx

Ticker(s): FDX