08.05.2015 - The price of FedEx can show a strong movement in the near future

FedEx's stock price continues to consolidate near the level of 172.00. In case of quotes breaking through the upper boundary of a local descending price will reach the nearest high around 182.50. On the other hand, the share price has recently broke through the lower boundary of the rising channel and consolidation of quotations below the local maximum at 163.84 will be a signal for opening short positions with the targets at 155.00 and 130.00. We recommend to wait for a signal to open new positions.

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