Stock Of The Day: FedEx Shows 'Bad Action' As Support Crumbles

Shares of FedEx Corporation FDX are trading lower Tuesday. The stock is continuing the downtrend that began on Dec. 19 when, after the close, the company announced earnings and said it plans to separate its Freight Unit.The chart of FedEx shows some classic examples of what traders refer to as “bad action.” This is why our team of technical analysts has made it our Stock of the Day.Action is something that can't be quantified. For example, if a company beats earnings and the stock moves down, it would be co ...