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Shares of FedEx Rise Above Previous 52-Week High

By Shiri Gupta

FedEx (NYSE:FDX) traded today at a new 52-week high of $207.72. Approximately 428,000 shares have changed hands today, as compared to an average 30-day volume of 1.3 million shares.

In the past 52 weeks, shares of FedEx have traded between a low of $119.71 and a high of $207.72 and are now at $207.72, which is 74% 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.

FedEx Corp. delivers packages and freight to multiple countries and territories throught 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.

FedEx (NYSE:FDX) has potential upside of 0.9% based on a current price of $207.72 and analysts' consensus price target of $209.59. The stock should find initial support at its 50-day moving average (MA) of $157.68 and further support at its 200-day MA of $151.75.

SmarTrend recommended that subscribers consider buying shares of FedEx 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 have risen 7.6%. We continue to monitor FDX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows FedEx

Ticker(s): FDX