FDX primed to reward traders 20%

FedEx Corp. (FDX) presently testing meaningful support, able to absorb weekly selling pressures.

From here, (FDX) can gain bullish momentum and turn higher into later year, eliciting gains of 20% over the following 3-5 months.

Inversely, if a weekly settlement below this support level occurs, (FDX) would be placed into a sell signal where losses of 20% would be expected over the same time horizon.