The market value of $FDX showed a trace of reversal this week after maintaining a bullish movement for the past two weeks. Price touched the support level in the latter days of October since August 2017. Just like many stocks had a bearish turn in October, $FDX also had. The all-time high this year was in January when price was at 274.69. Price movement of $FDX in 2018 is between 274.69 and 208.02.
Since September, price has maintained the lower section of the Bollinger bands. Ichimoku shows the future is also on a downtrend. But RSI shows despite being on a downtrend, it is oversold, preparing for a bullish turn which temporarily occurred. A bearish breakout also occurred from the trendlines showing the continuation of the downtrend. News reaching me shows $FDX is about to raise ground and home delivery rates starting from January 7, 2019. The new shipping rate will increase by an average of 4.9%. Price is yet to cross over to the upper region of the Bollinger bands. Therefore, the bears are still in control of the $FDX stock.
Source: MarketWatch-(Fedex To Raise Ground, Home Delivery Shipping Rates Starting January 7)