A key Rounding Bottom has formed on FDX. Analyze the breakout level now.
Gradual reversal from bearish to bullish.
Traders are watching FedEx (FDX) as price action tightens. The stock is trading at $388.62, up 0.46% on the day. The primary technical feature is a Rounding Bottom formation. This setup is supported by average volume turnover. A potential breakout level is identified at $404.03, targeting $466.81 with support near $372.64 (R:R 2.0).
What is your outlook on FDX?