FDX Looks amazing. We could see 270 end of the week.Looks great. Would get in a play 3/19 calsl looks good.
FDX trade ideas
FedEx- too much in so small time.Disclaimer/
On average, 90% of all stocks move down with the market, and 75% move up.
The wave principle applies to some extent to individual stocks, but counting waves for them is often confusing and does not have much practical significance. But since the company has a large capitalization, we assume that this stock depends on mass psychology. With time in the distant future, not everything is clear./
Services go beyond shipping-
• Website and marketplace integration
• Flexible delivery options
• FedEx Extra Hours at eligible retailers
• Customized, reliable packaging
• Simplified returns
• E-commerce education and marketing tools
• Access to international markets
• E-commerce fulfillment
Political donations and lobbying
According to the Center for Responsive Politics, FedEx Corp is the 79th largest campaign sponsor in the United States, having donated more than $ 29.8 million to federal candidates and committees since 1989, 37% of which went to Democrats and 63% to Republicans. Close ties with the White House and members of Congress open up access to international trade and tax cuts, as well as business practices.
(In 2005, FedEx was among 53 organizations that contributed a maximum of $ 250,000 to sponsor the president's second inauguration George W. Bush.
During the 2018 calendar year, FedEx spent about $ 10,200,000 lobbying for the federal government, its lowest total since 2008, but more than any other company in the air transport industry.)
Tax evasion
In December 2019, CNBC listed FedEx along with 378 additional Fortune 500 companies that "paid an effective federal tax rate of 0% or less" as a result of the Tax Cut and Employment Act of 2017. The New York Times reported that FedEx paid $ 1.5 billion in taxes after the fiscal year 2017 (effective tax rate of 34%), and then $ 0 after the fiscal year 2018 (effective tax rate of 0%) as a result of lobbying.
Fun fact
At the beginning of its existence, the company experienced numerous difficulties. Once the company had to pay fuel costs in the amount of $ 24,000, and at that time it had only five thousand in its account. The owner of the company, Frederick Smith, withdrew all the money, went to Las Vegas, and won $ 27,000 in blackjack. (They know how to do business).
Close above resistance!Potential gain:15%
Reward/Risk:2.5
Timeframe: 1-4 wks
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This is just my technical view, neither a fundamental comment,nor a recommendation to trade..!
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Possible Inverse head and shoulders?If Fedex continues on its downwards path and back up to the neckline, it could validate the pattern with an inverse head and shoulders. Fedex still bullish on its way to recovery! Just a slower mover. Watch the pivotal point of a right shoulder if the share price can go a bit lower. I sold my calls to get in at a cheaper price. Just an idea, trade at your own risk. Thanks!
Fedex continuation?Fedex has been selling off since the last earnings back in 2020's Q4. It recently broke out of that down trend. It definitely has room to run up to the previous $290-300$ resistance levels. If it clears 260$, it could retest $275 within the next week or so. I am not a financial advisor, I am quite new to this. Trade at your own risk!
FDX Swing with Lines01/21/2021
Currently trading at 235.34, about to approach the 200EMA. I posted the chart so you guys can see what I see. This MA has been STRONG support and resistance for $FDX in the past, and now its looking to approach directly into the number. With strong fundamentals, and a contract to ship the COVID vaccines around the US, I am expecting this to be a good play.
My prediction: FDX will slowly go towards the 200EMA, touch it and bounce, or stay on the number. UPS delivers earnings reports on 2/2, if they blow out of the water due to the high demand (bc of vaccines), you can expect FDX to also rally strong. My prediction is price will stay near the 200EMA, then rally away once UPS beats earnings. FDX can also go into the EMA, bounce away and use the UPS earnings as momentum to accelerate away from price.
Note: This trade fails if it gaps below the 200EMA, and it starts closing daily below it. If you can, you want to take the trade very close to the 200EMA, maybe even a little above, cuz you don't want to miss the entry.
Key Levels:
Support: $230.27, $226.47 (The 200 EMA as of Friday), $217.50 (where I expect the 200SMA to be in a few days).
Resistance: $256-257, $276, $293.
I would take the 250C or 270C option if possible, maybe a mid march expiry. The 255C option will see a big increase in price once it reaches the 255 goal, I would take some profits there.
Also important to note: This is dependent on the SPY not taking a massive shit this week, because it has been closing very weak as of late, and I would not be surprised if the whole market takes a downturn from here. If the market can make a recovery from here, then this play is much much more likely to work.
FDX swing01/31/21
Currently trading at 235.34, about to approach the 200EMA. I posted the chart so you guys can see what I see. This MA has been STRONG support and resistance for $FDX in the past, and now its looking to approach directly into the number. With strong fundamentals, and a contract to ship the COVID vaccines around the US, I am expecting this to be a good play.
My prediction: FDX will slowly go towards the 200EMA, touch it and bounce, or stay on the number. UPS delivers earnings reports on 2/2, if they blow out of the water due to the high demand (bc of vaccines), you can expect FDX to also rally strong. My prediction is price will stay near the 200EMA, then rally away once UPS beats earnings. FDX can also go into the EMA, bounce away and use the UPS earnings as momentum to accelerate away from price.
Note: This trade fails if it gaps below the 200EMA, and it starts closing daily below it. If you can, you want to take the trade very close to the 200EMA, maybe even a little above, cuz you don't want to miss the entry.
Key Levels:
Support: $230.27, $226.47 (The 200 EMA as of Friday), $217.50 (where I expect the 200SMA to be in a few days).
Resistance: $256-257, $276, $293.
I would take the 250C or 270C option if possible, maybe a mid march expiry. The 255C option will see a big increase in price once it reaches the 255 goal, I would take some profits there.
Also important to note: This is dependent on the SPY not taking a massive shit this week, because it has been closing very weak as of late, and I would not be surprised if the whole market takes a downturn from here. If the market can make a recovery from here, then this play is much much more likely to work.
💡$FDX 📚 More upside for FedEx? 💰+15%📈FedEx looks primed to continue its bullish price action after a 20% pullback from all time highs. There is some resistance to support to watch out for at $258. The short term trend is still bearing, so watch for a break of the descending trend line and a break above $258. The MACD is also curling up for a crossover with bearish volume decreasing on the Daily chart. The last three trading days have seen some good green candles with nice volume. A continuation of the long term trend could see 15% upside, with 6.6% risk (R/R: 2.36). There are some previous levels of resistance from previous price action to be on the look out for. It might be worth noting the median price forecast for FDX is $335.5 which is 33% from current prices.
🔎This is not financial advice. Always do your own research and due diligence.
