FDX Trade on Dec 18, 2019 12:34 from Cklamb: Tradervue User Stock Trades.

FDX
Total gain/loss:
$16.08
Largest gain:
$10.86 (show)
Average daily gain/loss:
$16.08
Largest loss:
$0.00
Average daily volume:
940
Average per-share gain/loss:
$0.03
Average winning trade:
$5.36
Average trade gain/loss:
$5.36
Average losing trade:
n/a
Trade P&L standard deviation:
$4.81
Total number of trades:
3
Profit factor:
n/a
Number of winning trades:
3 (100.0%)
Average hold time (winning trades):
about 2 hours
Number of losing trades:
0
Average hold time (losing trades):
0
Max consecutive wins:
3 (show)
Max consecutive losses:
0
Average position MFE:
$5.68
Average position MAE:
$-1.48

Intraday Fundamentals
• FedEx Corp. cut its earnings targets for the fourth time this calendar year, as the delivery giant struggles to adapt to a world where fewer packages are being flown around the globe and more are being delivered from warehouses to people's homes.
• The company's profit has been sapped by a global slump in air shipments -- its core business -- and a surge in e- commerce deliveries to residences -- a service it is expanding at considerable cost. The challenge has become acute as Amazon.com Inc. flips from FedEx customer to formidable competitor.
• On Tuesday, FedEx executives said the company had experienced higher-than-expected expenses in the quarter that ended on Nov. 30 and cautioned costs would be elevated during the peak shipping season. The company plans to take new steps to rein in spending, including grounding aircraft, eliminating some international flights and restricting hiring.
• "We continue to be in a period of challenges and changes," FedEx Chairman and Chief Executive Fred Smith said on a conference call.
• Earnings came in at $2.51 per share, missing estimates by 33 cents. Sales came in at $17.3 billion, missing estimates by $270 million.
• FedEx guided to 2020 EPS of $9.10 to $10.35 against a $12.03 estimate.

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Technicals
ADV 2.89m RVOL 1.70 ATR 3.83 BETA 1.71 Short 2% Inst Own 72.7%
Daily

Hourly

Intraday

Trading Strategy
• This is going to retest the 150 area at the open
• Long bias after initial reaction
Reading the Tape

There were times in the later trades were you could see sellers step down and slow down. The spread would come in and make entry easier to get in on the better side of a spread that would act sporadically as it jumped around.
Trade Management

Review notes
• I managed the early volatility and the wide spread on this first couple of trades
• I caught a few good stalls and turns on the tape
• I was on the better scalping side of this all day
• I was patient waiting and adjusting for the short term trend break