Bearish DailyPlay for Monday December 21th, 2015 – FedEx Corp (FDX)
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.