Tag: overbought

  • FedEx Has Become Ridiculously Overbought at Resistance

    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…