Elliott Wave Analysis of Federal Express (FDX) by Sid from ElliottWavePredictions.com

Sid Norris
 In Blog, Dow Jones Transportation Average, Individual Stocks

It makes perfect sense that the spiking price of oil and gas is negatively influencing the Dow Jones Transportation Average first, and one of its major components, FedEx, is giving off some very bearish signs, like a clear 5-wave non-overlapping impulse to the downside, and a possible head and shoulders in the late stages of formation . .


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