Tag: overbought
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FedEx Has Become Ridiculously Overbought at Resistance
FedEx (FDX) had an incredible year. In fact, since Jan., the FDX stock ran from about $170 to a high of $271.38. And while it could push even higher, it’s likely to drop first. Not only is it struggling at triple-top resistance, it’s overbought on RSI, MACD, and Williams’ %R. From current prices, we believe…