FedEx (FDX) could deliver some nice returns to investors in the months ahead. We looked at the charts and indicators of FDX on July 1 and wrote that "FDX is likely to trade sideways for a while before resuming its uptrend. Traders could use this anticipated sideways price action to build a long position. Risk a close below $150 for now. The $230 area is our initial price target."
Now that FDX has broken out to the upside another look at the charts is in order.