FDX daily chart, an update to an chart posted a few days ago. At that time the downward channel was in place and price was moving with lower lows and lower highs, the black dots, so the critical test was the top rail, but the price kept on heading skyward nullifying the channel. The strength over the last few days is impressive, probably more of Ben's hot money chasing it after the joyous guidance call.
Weekly chart remains towards overbot with negative divergence, there is no undelying oomph to this recent price move jump. Price is topping again and should reverse any time. Watch the 20 and 50 MA cross moving forward. 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.
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