The FedEx's share, world leader in express transportation, has an interesting graphical configuration and emancipates from the top of a bearish trading range.

The Surperformance ratings show the good financial assets of the company. Indeed, the business valuation is still low at 0.97 times its turnover for the current year. Sales for fiscal year 2015 increased 4% to $47.5 billion. Regarding earnings per share, it is expected strong growth in 2016 estimated at USD 10.7, that is to say 3x higher than 2015. Finally, the consensus of analysts remains "buyer" with a target around USD 184.

Technically, the share that was evolving in a downward trend for several months is now in a buyer momentum with the 20 days moving average support prices.

The fundamental qualities and the technical configuration of the stock will allow investors to open a long trade above USD 162.4. The upside breakout of this level will help for a return towards USD 185 (potential gain of 13%). An intermediate goal can be set at USD 172.5. Our stop loss will be positioned below the entry point, once the trade is open.