Today’s instrument is the FedEx Corporation stock traded on NYSE under the ticker FDX.

When we look at the FDX’s chart, we can see that after a sharp upward movement it is traded at $228.80.

Today they will announce its quarterly earnings and if the market’s anticipation is positive then we could expect its price to rise towards its resistance level at around $237 otherwise it should fall towards its support level at around $225.

Chart

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