FDX and the $DJUSIT are Overbought

"Danno" Sheehy

We noted in today’s Sector Trend Scores section that the industrial transportation sector ($DJUSIT) is overbout with seven consecutive higher closes. This move up is due mostly to railroad and airline stocks. However, the daily chart of FedEx Corp. (FDX) looks very similar to that of $DJUSIT. Please observe the chart below. FDX has been […]

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"Danno" Sheehy

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