FedEx (FDX) Offering Possible 13.19% Return Over the Next 23 Calendar Days

FedEx's most recent trend suggests a bearish bias. One trading opportunity on FedEx is a Bear Call Spread using a strike $260.00 short call and a strike $280.00 long call offers a potential 13.19% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $260.00 by expiration. The full premium credit of $2.33 would be kept by the premium seller. The risk of $17.67 would be incurred if the stock rose above the $280.00 long call strike price.

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

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

The RSI indicator is at 64.29 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

Why these are the worst stocks to own right now: Goldman Sachs
Mon, 22 Nov 2021 19:56:47 +0000
Avoid these stocks as the economy recovers from the pandemic, Goldman Sachs warns.

Cigna CEO David Cordani and FedEx CEO Frederick W. Smith Join Together to Highlight the Unique Value Veterans Bring to the Workforce
Mon, 22 Nov 2021 18:31:08 +0000
BLOOMFIELD, Conn. and MEMPHIS, Tenn., November 22, 2021 /3BL Media/ – Cigna Corporation Chief Executive Officer and President David Cordani and FedEx Corporation Chairman and Chief Executive Office…

FedEx (FDX) Expects 10% Uptick in Holiday Package Deliveries
Fri, 19 Nov 2021 17:56:05 +0000
FedEx (FDX) is likely to deliver 100 million more packages this peak holiday season from the 2019 levels.

Avanzando Juntos / Growing Together
Fri, 19 Nov 2021 15:46:07 +0000
The Hispanic Action Network (HAN) at FedEx Ground celebrated its fifth anniversary last month, delivering on its mission to create equal opportunities that represent, support, and strengthen DEI at…

LendingClub, FedEx, Applied Materials and Williams-Sonoma highlighted as Zacks Bull and Bear of the Day
Fri, 19 Nov 2021 14:37:02 +0000
LendingClub, FedEx, Applied Materials and Williams-Sonoma highlighted as Zacks Bull and Bear of the Day

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