Fedex Corp (FDX): Price Up $0.92 (0.34)% Over Past Day, Up $2.04 (0.75)% Over Past Hour

The Hourly View for FDX

At the moment, FDX (Get Ratings)’s price is up $2.04 (0.75%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

FDX ranks 19th in terms of today’s price percentage change out of Transportation stocks.

FDX’s Technical Outlook on the Daily Chart

Currently, FDX’s price is up $0.92 (0.34%) from the day prior. This move is a reversal from the day prior, which saw price move down. Regarding the trend, note that the strongest trend exists on the 50 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The chart below shows FDX’s price action over the past 90 days.