FedEx is a 'bottom-fishing' stock heading into earnings, technical analyst says

  • 📰 CNBC
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 72%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

FedEx is a 'bottom-fishing' stock heading into earnings, technician says $FDX (via TradingNation)

The delivery company heads into its earnings release Tuesday with major losses. The stock has tumbled 36% from a 52-week high set in September, more than any of its peers.

" on Friday. "It has pulled back about 44% off the highs you've seen in January of 2018 and it looks like you're forming some sort of double bottom in here." "You've got really good support at $150," Johnson said. "Sentiment seems really negative. I'd be a buyer of this stock in here and I think a lot of the bad news is already baked into these shares."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

TradingNation The state has entered into the political history of being a country but it is not possible to say that the state can survive and that the state is always charged with the drction of the crisis and the crisis will come espcially pltical prowess so if the stte probe cn stil be plyd

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines