Bullish DailyPlay for Wednesday July 26th, 2017 – FedEx (FDX)
The bullish DailyPlay we chose for Wednesday July 26th is FedEx (FDX). FDX is part of the Industrial Sector (XLI). Over the last month, XLI has experienced a 1.28% move higher and its 1m and 6m trend has turned bullish on 7/7 while breaking above its $68.40 resistance level.
FedEx’s 1m and 6m trends turned bullish on 5/22 and recently bounced higher off its $210 support level. With a technical score of 7 (out of 10), FDX is a strong bullish stock that looks to continue higher.
As a stop loss, if FDX was to trade below $210 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
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