17.440High14.030Low59.39KVolume14.620Open16.010Pre Close930.12KTurnover10.80%Turnover Ratio--P/E (Static)550.00KShares41.36752wk High--P/B8.65MFloat Cap14.03052wk Low0.36Dividend TTM550.00KShs Float67.519Historical High2.31%Div YieldTTM21.30%Amplitude4.171Historical Low15.662Avg Price1Lot Size
Rebound or Breakdown?
The long-term technical picture for FDX is looking quite appealing. The price action has been almost perfectly following the support and resistance of the price channel seen in the chart below.
If this trend continues, then we will see a rebound in the charts very soon and a long position could be a good idea. If we don't see a rebound at support and the price action makes lower lows, then a long position might be a bad idea at that...
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