$FDX - Falling Wedge Signaling a Rebound?

Fedex investors are some of the few still reeling from the December 2018 mini-meltdown in the stock market. The company's stock fell about 40% that month, and has not returned from that significant loss despite a broader market rally in 2019. The stock does appear to be forming a dropping wedge, which tends to signal a bullish run as the stock nears the convergence point of the two trend-lines seen below. I recommend watching this one closely for a pop upwards.


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