FedEx (FDX) is looking toppy. We last looked at the chart of FDX on September 14 and recommended, "I have no special information about the upcoming earnings figures for FDX but share prices are pointed up and the $270 is the next logical price target. Risk a close below $215 on longs now. Some period of sideways price action should not be ruled out before further gains."
Prices reached our $270 target and more but now the trend has shifted from up to sideways. Let's check and see how the charts look now.