Short term view - FEDEX CORP : The 50% retracement is causing the bounce.
The resistance has been passed, the trend becomes positive as we now have a succession of ascending peaks and troughs.The next target is at $274.00. The invalidation level is below $230.00.Arguments :
- The major support has been reached, it causes the bounce.
- The 50% retracement is causing the bounce.
- The MACD is rising.
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.
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