Friday, February 15, 2019

US Stocks - FDX

FedEx (FDX) is an important stock and its performance acts as a barometer for health of US economy. As one would have noticed lately, FDX is underperforming and didn't much participate in the broader rally in US market the last few weeks.

Back in early 2018 when FDX was still trading close to its highs the following cycle chart (and sell signal alert) was sent to clients on what is incoming for FDX. Cycles indicated to expect major down side for the stock price.

FDX Monthly Cycles - 04/01/2018

Now a year later, an updated copy indicate how things worked out for FDX compared to what cycles expected. FDX stock price corrected by 121 dollars (from a high of 272 to a low of 151) almost ~45% correction.

FDX Monthly Cycles - 02/01/2019

If you are interested in future cycle projections for FDX then please feel free to contact us using the contact form in the left panel.