FedEx (FDX) Offering Possible 8.81% Return Over the Next 23 Calendar Days

FedEx's most recent trend suggests a bullish bias. One trading opportunity on FedEx is a Bull Put Spread using a strike $260.00 short put and a strike $240.00 long put offers a potential 8.81% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $260.00 by expiration. The full premium credit of $1.62 would be kept by the premium seller. The risk of $18.38 would be incurred if the stock dropped below the $240.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for FedEx is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for FedEx is bullish.

The RSI indicator is at 59.07 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for FedEx

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Mon, 22 Mar 2021 21:39:54 +0000
Alphabet stock, Facebook stock and Scotts Miracle-Gro stock are among the best growth stocks to buy and watch right now. Here's why.

Yahoo Finance Plus' investment idea of the day is FedEx
Mon, 22 Mar 2021 19:25:09 +0000
Yahoo Finance’s Alexis Christoforous and Jared Blikre discuss why FedEx is Yahoo Finance Plus' investment idea of the day.

FedEx Gets Key Rating Upgrade After Strong Earnings Report
Mon, 22 Mar 2021 18:35:00 +0000
Delivery service FedEx continues to perform at a high level amid deliveries of Covid vaccines to hospitals and packages to homebound workers. The 73 Relative Strength Rating means that FedEx has outperformed 73% of all stocks over the past year. Stocks that go on to make the biggest gains typically have an 80 or better RS Rating in the early stages of their moves.

Company News for Mar 22, 2021
Mon, 22 Mar 2021 13:55:01 +0000
Companies In The News Are: FDX, OLLI, V, FB, AAPL

FedEx (FDX) Soars 6.1%: Is Further Upside Left in the Stock?
Mon, 22 Mar 2021 09:29:09 +0000
FedEx (FDX) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock suggests that there could be more strength down the road.

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