Can $FDX Break $370.86 and Extend Its Momentum Toward $380?
$FedEx(FDX)$
FedEx (FDX) Nears 52-Week High, Up 1.45%: Momentum Builds Above $369
Latest Close:
FDX closed at $369.23 on 2026-02-05 (ET), up +1.45% (+$5.27). The stock is just $1.63 shy of its 52-week high of $370.86.
Core Market Drivers:
* Strong Fundamentals: The company continues to benefit from robust e-commerce demand and operational efficiency gains.
* Investor Confidence: Major institutional holders like Vanguard and BlackRock maintain significant positions, signaling long-term confidence.
Technical Analysis:
* Volume: Trading volume of 2.196M shares was below average (Volume Ratio: 0.78), indicating a lack of intense selling pressure on the rally.
* MACD: The indicator shows strong bullish momentum with DIF (17.05) > DEA (11.66) and a rising MACD histogram (10.77), confirming the uptrend.
* RSI: The 6-day RSI is at an extremely high 94.35, indicating the stock is in overbought territory. This suggests a potential for a short-term pullback or consolidation.
Key Price Levels:
* Immediate Pivot: $369.23 (Today's Close)
* Strong Resistance: $370.86 (52-Week High)
* Primary Support: $362.32 (Today's Low) / $226.09 (Previous Major Support)
Valuation Perspective:
The stock trades at a TTM P/E of 20.35 and a Forward P/E of 19.91, which is significantly above its historical average of ~14.37, indicating a premium valuation.
Analyst Targets:
Based on 27 analysts, the average price target is $326.12 (approx. -11.7% from current price). Sentiment is mixed with 7 Strong Buy, 11 Buy, 11 Hold, and 2 Underperform ratings.
Weekly Outlook:
Expect consolidation near the 52-week high. A decisive breakout above $370.86 could target the $380-$390 range. Failure to hold above $362 may lead to a test of the $350-$355 support zone, given the overbought RSI conditions.
Risk Disclaimer:
This analysis is for informational purposes only and not financial advice. The stock is in overbought territory (high RSI) and trades at a valuation premium. Past performance does not guarantee future results. Always conduct your own research and consider your risk tolerance before investing.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
