Dear EarningsBeats Digest Member,
Today's Webinar:
How Commission-Free Trading Stacks the Odds in our Favor - Featuring Tom Bowley and John Hopkins - 4:30 pm EST - 4:30 pm EST
The recent announcement by major online Brokers to eliminate brokerage fees has changed the rules of the game. Previously, traders needed to be somewhat selective due to the cost of in/out trades. Now that the fees have been eliminated, traders have an opportunity to manage trades in a different way. Join Tom and John as they share their ideas and
present some trading opportunities utilizing the "new rules of the game."
There's no need for you to register for this FREE event. You will be sent room instructions prior to the start of the webinar.
Hope to see you later!
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Can FedEx Corp (FDX) Deliver the Goods?
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After the bell tomorrow, FDX will report its latest quarterly results. I think there's plenty of reason to be nervous. On a weekly chart, I could argue that a positive divergence has played out with FDX literally resting on its 50 week SMA. I look for 50 period tests after divergences form and FDX has seen one. From here, it literally could go in either
direction. The entire delivery services group ($DJUSAF) is waiting on this report, because it could signal either continuation of the 2 year downtrend, or could mark a significant breakout above major resistance between 1000-1025 easily seen on a 3 year weekly chart. But FDX has resistance of its own:
