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FedEx: all factors recommend buy positions

analytics
23 March 2017 , 17:43

The share price of the US company FedEx, which deals with postal and courier deliveries, shows a stable upward trend. March 21, 2017, after the close of the US trading session, the company reported for the previous fiscal quarter of 2017. After the market was closed, the value of stock tumbled for 5% and after that gained 2%. In general, the prospects for an upward trend persist due to a number of both fundamental and technical factors.

Fedex (FDX) reported earnings of $ 2.35 per share (EPS) with revenue of $ 15.0 billion. The earnings forecast was $ 2.63 per share with revenue of $ 14.99 billion, so the revenue met with the forecast, and EPS showed a 12.3% deviation. Revenue increased by 18.1% compared to the same period last year.

In order to further explore the analysis, as well as the entry point to the position, you can see full details in the personal account of our TSI Trading Pro platform.

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