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Shares of Fedex Corp Fall to a New 52-Week Low

By Nick Russo

Fedex Corp (NYSE:FDX) traded at a new 52-week low today of $138.25. So far today approximately 156,000 shares have been exchanged, as compared to an average 30-day volume of 3.2 million shares.

Over the past year, Fedex Corphas traded in a range of $138.25 to $238.60 and are now at $138.53. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 1.3%.

FedEx Corp. delivers packages and freight to multiple countries and territories through an integrated global network. The Company provides worldwide express delivery, ground small-parcel delivery, less-than-truckload freight delivery, supply chain management services, customs brokerage services, and trade facilitation and electronic commerce solutions.

Potential upside of 105.7% exists for Fedex Corp, based on a current level of $138.53 and analysts' average consensus price target of $284.96. The stock should find initial resistance at its 50-day moving average (MA) of $156.66 and further resistance at its 200-day MA of $169.65.

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: 52 week high/lows fedex corp

Ticker(s): FDX