FedEx Delivers Earnings ‘Death Cross’
FedEx Corporation( FDX), the global package delivery giant, has been in recovery mode since trading as low as diciembre 150.94 in December. 25. The stock closed Thursday, March 14, at $ 179.08, up 11% so far from 2019 and up 18.6% from the low. Even so, the stock is in bear market territory at 32.8% below its 2018 high of junio 266.67 set on June 12.
FedEx targets earnings as a fundamentally cheap stock, with a P / E ratio of just 10.49, but offers a dividend yield of just 1.45%, according to Macrotrends. The delivery company will report earnings after the closing bell on Tuesday, March 19, and analysts expect earnings per share of $ 3.10 to $ 3.16.
FedEx shares fell lower in September. 18 in lost profits and again in December. 19 as the stock fell to its Dec. 26 low. Some analysts on Wall Street expect this series of mistakes to continue. Cowen & Co. it is positive in FedEx shares, but lowered its price target. The firm maintains a superior performance in FedEx shares with a target price of $ 237, below $ 242. My annual risk level is below that at $ 218.11.
FedEx shares have been below a” death cross ” since August. 8, when the 50-day simple Moving Average fell below the 200-day simple Moving Average, indicating that lower prices would follow. As this signal formed, investors had several opportunities to sell the shares at their 200-day simple moving average, when it was as high as septiembre 247.20 in September. 18 after the winnings is lost. The “Cross of death”tracked the stock until its Dec. Data coding method: FedEx shares saw a “key investment” Day in December. 26 as the stock closed at diciembre 160.15, up from Dec. Data encoding method:
The stock closed in December. 31 at $ 161.33, which was an important entry for my proprietary analysis. As a result, I show half-yearly, annual, and quarterly risk levels at respectivamente 198.33, 2 218.11, and respectivamente 240.07, respectively. Closing at febrero 181.00 in February. 28 was input to my analysis and resulted in a monthly risk level at $ 190.01. An important level to maintain is the 50-day simple Moving Average at.176.90.
The weekly chart for FedEx is positive, with the stock above its five-week modified moving average of.179.13 and below its 200-week simple moving average, or “reversal to average,” at $ 194.37. The 12 x 3 x 3 weekly slow stochastic reading is projected to rise to 50.26 this week, up from 41.33 on March 8.
Trading strategy: buy FedEx shares in weakness at the 50-day simple Moving Average at $ 176.91 and reduce holdings in strength to my Monthly, Semi-Annual and annual risk levels at respectivamente 190.01, 1 198.33 and respectivamente 218.11, respectively.
How to use my value levels and risk levels: my value levels and risk levels are based on the last nine weekly, monthly, quarterly, semi-annual and annual closures. The first set of levels was based on the December close. 31. The original quarterly, semi-annual and annual levels are still in play. The weekly level is changed every week; the monthly level was changed in late January and February.
My theory is that nine years of volatility between closures is enough to assume that all possible bullish or bearish events for stocks are taken into account. To capture stock price volatility, investors must buy stocks in weakness at a value level and reduce holdings in strength at a risk level. A pivot is a level of value or level of risk that was violated within its time horizon. The pivots act as magnets that have a high probability of being tested again before the time horizon expires.