“The Big 3: FDX, HD, QCOM”
FDX is bearish; joining the downward trend due to disastrous technical indicators and double top formation.
You chose FedEx as the first stock among these stocks. Is it under pressure today, having fallen by only 0.6% along with the market as a whole? What is your opinion on FedEx stock today?
I think FedEx might be my go-to option for bearish trading today. I promised you only one bearish trade today, but look, I'm going to join the current trend, which is a bearish trend as you'll see shortly with Rick's explanation.
It appears to me that a double top has already formed around the descending "Hit it" level.