Nov. 14 at 3:05 AM
$FDX is currently trading at
$267.34, which is near the 60D high of
$271.97, indicating a strong bullish sentiment but also potential overbought conditions, as suggested by the RSI of 75.91. The price is significantly above both the 30-day moving average (MA30) of
$246.69 and the 50-day moving average (MA50) of
$240.53, reinforcing the bullish trend but also highlighting a risk of a pullback.
Given the current metrics, the directional bias is bullish, but caution is warranted due to the high RSI. A suggested entry point could be around
$265, just below the last close, to capitalize on potential upward momentum. A stop loss should be set at
$260 to manage risk.
Targets can be set at
$272 (just below the 60D high) and
$280 as a secondary target, allowing for profit-taking while monitoring for any signs of reversal.
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