Narrow, range-bound trading since the end of November now appears headed for a downside break.
If the stock is unable to stabilize near a key support zone, a deep pullback soon could be on the way.
The stock has punished short sellers in the past, so respect its volatile nature.
There are several bullish technical indications on the chart.

Wait for Pullback to Buy FedEx Real Money Pro($)

Investors lost some confidence after dip to the $162.00 to $163.00 area
Watch for a breakout on price, or 2 secondary indicators.
The 40-week moving average is flat and prices are overbought.
We found only 4 stocks in the Dow Transportation Average with positive looking charts.

Novice Trade: Delta Air Lines Real Money Pro($)

Over the next month, I like DAL to make a run at $55.
Sector's bear market is rolling right along.

Columnist Conversations

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