FedEx (FDX) Offering Possible 23.69% Return Over the Next 29 Calendar Days

FedEx's most recent trend suggests a bullish bias. One trading opportunity on FedEx is a Bull Put Spread using a strike $240.00 short put and a strike $220.00 long put offers a potential 23.69% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $240.00 by expiration. The full premium credit of $3.83 would be kept by the premium seller. The risk of $16.17 would be incurred if the stock dropped below the $220.00 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 above 80 which suggests that the stock is in overbought territory.

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

Trucker shortage: There are almost ‘400,000 self-employed truckers,' Convoy research director says
Tue, 16 Nov 2021 20:03:01 +0000
Convoy Director of Economic Research Aaron Terrazas illustrates bottleneck and supply chain shortcomings in the trucking industry, where companies are finding labor shortages in despite an abundance of drivers.

5 Reasons UPS Deserves to Be at an All-Time High
Tue, 16 Nov 2021 15:33:00 +0000
After a record 2020, United Parcel Service (NYSE: UPS) is showing no signs of slowing down. Here are five reasons UPS stock should keep going up from here. In 2020, UPS was one of the few industrial companies to post record top- and bottom-line results.

FedEx (FDX) Stock Moves -0.62%: What You Should Know
Mon, 15 Nov 2021 22:45:10 +0000
In the latest trading session, FedEx (FDX) closed at $252.30, marking a -0.62% move from the previous day.

Here’s Why FedEx (FDX) Became Longleaf Partners’ Largest Q3 Detractor
Mon, 15 Nov 2021 17:08:01 +0000
Longleaf Partners Fund, a Memphis-based fund under Southeastern Asset Management, published its “Longleaf Partners Fund” third quarter 2021 investor letter – a copy of which can be downloaded here. Longleaf Partners Fund fell 5.70% in the third quarter, while the S&P 500 Index returned 0.58%. The Fund remains ahead of the index year-to-date (YTD), up 16.38% […]

CNBC's Final Trades: Visa, FedEx, Nordstrom And This Auto Major That's Valued Better Than Peers
Mon, 15 Nov 2021 12:39:29 +0000
On CNBC’s “Halftime Report Final Trades,” Karen Firestone of Aureus Asset Management named Visa Inc (NYSE: V) as a top pick. “It’s one of those stocks. It’s down. It’s got two strong things – it’s got inflation and people traveling overseas – that are positives over the next couple of years and we think the stock is very attractive here,” she said. Joshua Brown of Ritholtz Wealth Management cited General Motors Company (NYSE: GM) as a final trade. “Great trends. Stock acting very well,” Brown sa

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