Watch These FedEx Price Levels as Stock Slides After Logistics Giant Cuts Outlook
Key Takeaways
- FedEx shares traded sharply lower Friday after the logistics giant trimmed its full-year outlook amid soft demand and uncertainty over the potential impact of the Trump administration’s tariffs in the industrial sector.
- The stock broke down below the lower trendline of an 18-month ascending channel in early February, with earnings-driven selling potentially setting the stage for further declines.
- Investors should watch major support levels on FedEx’s chart around $223 and $200, while also monitoring key resistance levels near $267 and $300.
FedEx (FDX) shares traded sharply lower Friday after the logistics giant trimmed its full-year outlook amid soft demand and uncertainty over the…
