FedEx: double bottom holds, but the trend slows
FedEx adds 0.5% off its double bottom, but the trend loses steam
FedEx: double bottom holds, but the trend slows
Our view last week
FedEx is in week 11 of a buy signal and has already hit all 3 targets of our most advanced model. Signal strength stays medium at 55 out of 100, and the stock ranks 63rd among the 125 open buy positions for US stocks. The stop has moved to breakeven: position risk is now zeroed out.
This week's summary
FedEx shares add 0.5% in a week that's worth more than the number: the stock has just carved out a double bottom in the 305 area, with an 8% intermediate rebound, and buyers have stepped back into the driver's seat after weeks of seller dominance. This week's technical analysis, though, flags a trend losing conviction — momentum has caved and the ADX is falling — while price stays boxed into a tight band between nearby resistance and support.
IQS Phase
42
ordinary
Signal Strength
55
medium
Sizing
STANDARD
Ranking
#64 / 129
US stocks in progress
Trade P&L %
-0.40%
from signal to today
restricted Platinum content