FedEx (FDX Stock): Could its price rise towards the 237 level?

AAATrade Team AAATrade

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.

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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