FDX Stretched at $296.33, RSI Overbought
BearishFedEx Corp (FDX) closed up 0.15% at $296.33 on December 29.
Technical indicators paint a bullish picture:
Moving Averages
Price trades above the 9-day EMA ($290.30) with a bullish stack. The 21-day EMA at $282.73 provides support.
Momentum
RSI at 80.5 is in overbought territory, suggesting potential near-term exhaustion. MACD is bullish (8.23 vs signal 7.47).
While the trend remains bullish, elevated RSI warrants caution for new entries at current levels.