FedEx Corporation (FDX) FedEx Corp is one of the most well-known shipping and delivery services companies globally. It enjoys not only significant scale advantages but also technological leadership. FedEx pioneered the concept of tracking packages in real-time. The growth of e-commerce has proven to be an important driver of growth for the company. The runway for the future is very long, and FedEx’s long-term prospects are bright.

The long-term monthly chart for FedEx shows an uptrend that was intact from 2011 till about 2018. There was a major reversal from 2018 to 2020, and the price fell by more than 60%, going below the bottom of the long term trend by some margin. However, starting April 2020, the stock bounced back up sharply as the price rose by more than 2.5X in the space of 8 months. Most recently, there was a minor pullback before the price bounced from close to the bottom trend line. The likely target is around $300, while a minimum stop loss can be placed below the bottom trend line, around $227.

Position entered into our long term tracking portfolio today. The entry point is at $255.14, and the stop-loss placed at $167.15, which is 34% below the entry point. The short-term to medium take profit at the top of the trend is set at $310.63, giving a profit of 22%.