FedEx Corporation shows relatively strong fundamentals and is coming back to attractive price.

From a fundamental viewpoint, FedEx is undervalued in terms of enterprise value. Based on the current price, its market capitalization, minus its net debt, represents 0.59 times its revenues. This valuation is just 11.9 and 10.3 times the two next years earnings.

Technically, the security fell sharply for several days. This fall has led FedEx towards the USD 87.25 area which could become useful as a stepping stone for a technical rebound. The target of this bullish trend is the USD 89.1 resistance. Even though moving averages are still in a neutral trend, the oversold situation could encourage a renewed interest in the security.

So as to make the most of a potential technical rebound of FedEx, it seems opportune to take a long position at the current price. A confirmation of this pattern would enable the security to reach the USD 95.80 resistance. Investors should not insist under USD 87.25 and are better to place a stop loss order under this threshold.