Fedex Corp -FDX -Daily -Trend is still up and now oversold =buy
Another opportunity to buy FDX with CCI @ < -100 (-122 last)
Other trend indicators may be flashing trouble, including the S&P500, but FDX is a great long term play on the growth of the internet and with oil prices weakening recently, bodes well for margins going forward.
Either way, there is decent support just under current levels from the gap & summer consolidation.
Risk 3 ATR's, Upside 3-5 ATR's.
Tim
156.49 10/8/2014 9:50AM EST
Other trend indicators may be flashing trouble, including the S&P500, but FDX is a great long term play on the growth of the internet and with oil prices weakening recently, bodes well for margins going forward.
Either way, there is decent support just under current levels from the gap & summer consolidation.
Risk 3 ATR's, Upside 3-5 ATR's.
Tim
156.49 10/8/2014 9:50AM EST
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