Watch These FedEx Levels as Stock Jumps on Plans for Freight Business Spinoff

Key TakeawaysFedEx shares moved sharply higher in extended trading on Thursday after the shipping giant announced plans to spin off its freight business as a separate public company, overshadowing a lowered full year outlook. The stock has oscillated in an orderly ascending channel since July last year, with the price recently finding buying interest around key moving averages.Investors should watch key overhead areas on FedEx's chart around $305 and $370, while also monitoring important support levels near ...