Stock Of The Day: FedEx Delivers An Important Trading Lesson
Portfolio Pulse from Mark Putrino
The article discusses the importance of understanding support and resistance levels in trading, using FedEx Corporation (NYSE:FDX) as an example. It highlights how certain price levels for FedEx have shifted between support and resistance, impacting trading decisions.
October 04, 2024 | 6:33 pm
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FedEx's stock price demonstrates key trading concepts of support and resistance levels. The $289 and $255.70 levels shifted from resistance to support, while the $276 level shifted from support to resistance, affecting trading strategies.
The article uses FedEx as a case study to explain how support and resistance levels can impact trading decisions. These levels are crucial for traders to determine entry and exit points, but the article does not suggest any immediate price movement for FedEx.
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IMPORTANCE 80
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