FedEx (FDX Stock) announced a better-than-expected quarterly earnings

AAATrade Team AAATrade

Today’s instrument is the FedEx corporation traded in NYSE under the ticker FDX.

Looking at the FDX’s chart, we can see that it was lastly traded at around $164.

Last night it announced a better-than-expected quarterly earnings and today we should expect the price to rise towards its resistance level which is located at around $176.50.

Risk warning: Trading is risky. Information presented herein, is not to be constructed as a solicitation or an offer to buy or sell any Financial Instrument or to participate in any particular trading strategy. FedEx’ Corporation logo and any associated brand names are FedEx’ Corporation trademarks. All other trademarks are property of their respective owners.

Author

AAATrade Team

AAATrade

The AAATrade Team has extensive experience in content writing for the financial industry. Stelios Nikolaou is the lead writer of the team, he currently works at AAATrade to provide research and content writing services.

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