FedEx (FDX Stock) announced a better-than-expected quarterly earnings

Today’s instrument is the FedEx corporation traded in NYSE under the ticker FDX.

Looking at the FDX’s chart, we can see that it was lastly traded at around $164.

Last night it announced a better-than-expected quarterly earnings and today we should expect the price to rise towards its resistance level which is located at around $176.50.

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