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After Yesterday's Decline of 3.28%, Fedex Corp Offers Investors Better Value

By James Quinn

Fedex Corp (NYSE:FDX) traded in a range yesterday that spanned from a low of $154.69 to a high of $158.30. Yesterday, the shares fell 3.3%, which took the trading range below the 3-day low of $158.02 on volume of 727,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Fedex Corp share prices have moved between a 52-week high of $259.25 and a 52-week low of $150.68 and are now trading 3% above that low price at $155.22 per share. The 200-day and 50-day moving averages have moved 0.45% lower and 0.21% higher over the past week, respectively.

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

Keywords: rebounders fedex corp

Ticker(s): FDX