• Return to Headlines

SmarTrend Watching for Potential Rebound in Shares of Fedex Corp After 3.18% Loss

By David Diaz

Fedex Corp (NYSE:FDX) traded in a range yesterday that spanned from a low of $152.48 to a high of $154.47. Yesterday, the shares fell 3.2%, which took the trading range below the 3-day low of $158.05 on volume of 169,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

Fedex Corp share prices have moved between a 52-week high of $234.49 and a 52-week low of $137.78 and are now trading 11% above that low price at $153.00 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.

Keywords: rebounders fedex corp

Ticker(s): FDX