Short term view - FEDEX CORP : The bullish gap has been tested, the rally resumes.
In our previous short term analysis (20/09/2016), we were positive.We remain positive with a target at 183,9 $ and an invalidation level at 168 $.
The bullish trend is interrupted by a pull-back.
Arguments :
- The trend is momentarily interrupted by a flag, but the rise will...
FedEx provides transportation, e-commerce and business services through companies under the FedEx brand. These companies are included in the following segments: Federal Express Corporation, including TNT Express B.V., is an express transportation company; FedEx Ground Package System, Inc., which is a provider of small-package ground delivery services; FedEx Freight Corporation, which is a provider of less-than-truckload freight services; and FedEx Corporate Services, Inc., which provides sales, marketing, information technology, communications, customer service, technical support, billing and collections services, and certain back-office functions.
DayByDay is an independent research company providing global macro and single stock analysis, recommendation and allocation based purely on behavioural finance methods. Those include long term cycle analysis, sentiment analysis, and technical trigger. DayByDay serves all clients in need of practical and precise publications to make effective market decisions, on any time horizon, from a few hours to a few years.
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