FDX Fedex Daily Chart Downward Channel In Play

FDX choked after hours after lowering guidance and using snow as an excuse. The negative divergence topped out FDX in mid January. Since then a lower low occurred and also a lower high. It is critical to see if it will generate another lower low ensuring that a channel downturn is in place; this level is the black line at 90. A break of the 90 level should also usher in broad market weakness. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your finanical advisor before making any investment decision.