The bearish DailyPlay we chose for Monday December 21th is FedEx Corp (FDX). FDX is part of the Industrial Sector (XLI). Over the last month, XLI has experienced a 5.67% move lower with its 1m and 6m trends turning bearish on 12/8 and broke below its $53 support level.
FDX’s 1m and 6m trends turned bearish on 12/3 and recently bounced lower off its $154 resistance area. With a technical score of 4 (out of 10), FDX looks positioned to continue this strong bearish trend lower.