FedEx Corporation (NYSE: FDX)

FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. The company’s FedEx Express segment provides various shipping services for the delivery of packages and freight. Its FedEx Ground segment provides business and residential money-back guaranteed ground package delivery services. The company’s FedEx Freight segment offers less-than-truckload freight services, as well as freight-shipping services. Its FedEx Services segment provides sales, marketing, information technology, communications, customer service, and other back-office support services.
To review FedEx’s stock, please take a look at the 1-year chart of (NYXE: FDX)

FDX had been trending sideways from November until June. During that time, the stock had hit at 52-week high resistance at $145 twice (blue). Since breaking higher, FDX has hit support at $150 (green) and resistance at $155 (red). All combined, the stock’s reaction to the increments of $5 should provide traders with the most ideal entry points.

The Tale of the Tape: FDX broke through its 52-week high resistance level of $145 and is now trading between $150 and $155. A long trade could be made on a pullback down to the $150 level, or on a move above $155, with a stop placed below the level of entry.
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