This year started well for FEDEX investors as prices rallied from $260.01 to $320.57. A ‘head and shoulder’ was formed between January and February of this year before the bull run to the all-time high was reached. Another indication was shown in January as there were two oversold spots, which later led to the bull run to the all-time high at $320.57. After the all-time high was reached, the price reversed to the downside, to reach $255.20, which was the next support level. There was little price movement in the share price of $FDX in 2019 at prices ranged between $139 and $199. The investors must have had a huge relief as the share price of FEDEX began to go to the upside, which eventually pushed the price to the previous all-time high in 2018 at $274.49.
The earning reports for FDX will be released in about a week. As FedEx, Salesforce Collaborate On E-Commerce, Supply Chain Management (yahoo.com), this might lead to the next bull run of $FDX. Just as this writer doubts the next bull run, FedEx (FDX) Earnings Expected to Grow: Should You Buy? (entrepreneur.com). We are anticipating a bull run as the earnings report is released on the 21st of September, 2021. $FDX has been on a losing streak in the past few weeks. The second half of this year has not been favorable for $FDX investors as there has been a huge sell-off. The next bull run of $FDX might push the price to a new all-time high above $320.57.
