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Here’s a summary of the key information from the provided text, focusing on FedEx (FDX) stock:
Key Takeaways:
Stock Drop: FedEx shares fell in after-hours trading Tuesday after suspending its annual outlook and issuing weaker-than-expected guidance for the current quarter, despite beating Wall Street’s quarterly expectations.
Technical Pattern: The stock is poised too break down from an ascending triangle pattern, which suggests a continuation of its existing downtrend.
Support & Resistance:
Support Levels: $214 and $194 are key support levels to watch.
* Resistance Levels: $233 and $254 are important resistance
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