The Exponential Moving Averages are stacked on both the weekly and daily time frames. This matters because if the stock were to pop from here, it wouldn't be met with selling pressure. The trend and pattern are there. The other thing I look for is a squeeze, and that’s present as well. FDX has a squeeze on right now. When a stock goes quiet and its daily range keeps pinching in tighter, that is volatility coiling, pressure building up behind the dam with nowhere to go yet. The longer it holds back like that, the harder it tends to move when the water finally breaks through. And this squeeze is loading up near the highs, which is the strong side for it to happen on. Then there is the timing, which is what makes this one urgent. FedEx reports earnings in just a few trading days, on June 23. So you have a stock that is already beating the market, already trending hard, and already wound up tight, walking right into the one event with the power to set it off. Relative strength, a clean stack of rising averages, a loaded squeeze, and a catalyst sitting on the calendar all at once. That is the kind of lineup I go looking for. I will be straight with you about the other side, though. Earnings can cut both ways, and they can knock a coiled stock down just as easily as they launch it. FedEx still has real things to prove, from softer global shipping demand to Amazon pushing harder into its own delivery network. Which is why this is likely a stock I will look to trade AFTER earnings if it makes a strong move. Your Action PlanNow, a stock like this is the patient side of how I trade, a swing I am happy to stalk for days or weeks until it proves itself. The other side of what I do moves a lot faster. My Fast Cash system is built for quick, defined strikes, in and out in minutes rather than weeks, with the risk boxed in tight and never once by betting on a stock that is falling. The results it has been putting up are the kind that make people do a double-take, and I have another Fast Cash trade lined up to go before Monday. If that faster pace is more your style, come see how I run Fast Cash here. |
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