Nearest Resistance: N/A
Nearest Support: $145
Catalyst: Q4 Earnings
Shipping giant FedEx (FDX - Get Report) is up close to 5% this afternoon, buoyed by positive surprise in fourth-quarter profits. Analysts were expecting earnings of $2.36 per share, but FedEx actually earned $2.46 per share for the quarter.
Today's buying carries bigger consequences than just a post-earnings pop, however. The gap up at the open broke FDX up through long-term resistance at $145. Now FedEx is pressing up against new all-time highs.This stock looks buyable here, particularly with a stop set at $137.50 support.
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