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FedEx Crosses Below its 10-day MA (FDX)

By Nick Russo

Today, shares of FedEx (NYSE:FDX) have crossed bearishly below their 10-day moving average of $190.35 on a volume of 190K 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.

In the past 52 weeks, shares of FedEx have traded between a low of $119.71 and a high of $201.57 and are now at $190.21, which is 59% 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 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