OptionsPlay DailyPlay

The bearish DailyPlay we chose for Thursday July 23rd is FedEx Corporation (FDX). FDX is part of the Industrials Sector (XLI). Over the last month, XLI has experienced a 2.48% move lower as both 1-month and 6-month trends are bearish.

FedEx Corporation’s 1-month and 6-month trends remain bearish as it shows negative momentum. FDX looks positioned to continue this trend lower towards $163.00.

View this trade idea on $FDX