Trade Alert: FedEx Corporation NYSE:FDX
Trade Alert: FedEx Corporation NYSE:FDX
Profile: FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. It operates in four segments: FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services. The company was founded in Y 1971 and is HQ’d in Memphis, Tennessee
Website: http://www.fedex.com
A 3-month trading record was established on both the Put and Call sides for shares of FedEx Corporation.
A total of 17,335 call and 20,877 put contracts were traded raising a low put/call volume alert. There were 1.2 puts traded for each call contract yielding a 1.20 Put/Call Ratio PCR.
The ratio skew implies that investors are hedging their positions in anticipation of a stock move.
PCR statistics serve as a useful indicators telling us what experienced investors are doing in preparation for a move of an underlying stock. And unusual volume provides reliable clues that the stock is expected to make a move.
A high PCR suggests that the investor sentiment is Bearish and that investors are expecting the underlying stock price to decrease.
A low PCR implies that the investor sentiment is Bullish and that investors are expecting the underlying stock price to increase. Thus, unusual volume provides reliable clues that the stock is expected to make a move.
Tuesday’s unusual volume activity confirms that traders are re-balancing their portfolios.
FedEx Corporation opened Tuesday at 90.89 and the stock price rose 1.34 (+1.47%) and finished at 92.36
FDX trade between 90.41 – 93.21 on the day.
FedExs 52 wk Trading Range is: 82.38 – 97.19
Volume: 3-M shares is more than the 3 month average volume of 2-M shares.
FDX is trading above its 20, 50 and 200 Day Moving Average.
The Next Earnings Date: 19 December 2012
Analysts Recommendation: Buy
1 yr Price Target Estimate: 104.75
Performance Metrics
Week Month Quarter Half Year Year
+0.54% +5.35% +1.13% +4.21% +18.52%
Analysis Overall Short Intermediate Long
Neutral (0.21) Neutral (0.04) Bullish (0.35) Neutral (0.24)
Recent CandleStick Analysis Neutral
Open Gaps None
Support and Resistance
Type Value Conf.
resist. 93.44 4
resist. 92.73 6
supp 90.81 9
supp 90.30 5
supp 89.83 5
supp 89.50 3
supp 88.86 3
supp 87.64 5
supp 87.23 2
supp 86.13 2
supp 85.60 2
supp 84.00 2
Technical Indicators
Ind. Short Inter Long
EMA VBu VBu VBu
MACD N Bu N
RSI Bu
TDD Bu
Fibs Bu Bu Be
Highs VBe Bu VBu
Lows N N Bu
Trends N N N
Stoch. VBe
VBu=Very Bullish, Bu=Bullish
N=Neutral
Be=Bearish, VBe=Very Bearish
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Heffernan Capital Management
Linda Johnson,
Business Development Director – Private Client Group,
Sales@Heffcap.com
Singapore
3 Raffles Place #07-01
Bharat Building Singapore 048617
Tel: +65 6329 6408
Fax: +65 6329 9699
Paul A. Ebeling, Jnr.
Paul A. Ebeling, Jnr. writes and publishes The Red Roadmaster’s Technical Report on the US Major Market Indices, a weekly, highly-regarded financial market letter, read by opinion makers, business leaders and organizations around the world.
Paul A. Ebeling, Jnr has studied the global financial and stock markets since 1984, following a successful business career that included investment banking, and market and business analysis. He is a specialist in equities/commodities, and an accomplished chart reader who advises technicians with regard to Major Indices Resistance/Support Levels.
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