Friday’s Movers:
- Moderna Inc (MRNA) was up 4.92% after the approval for COVID vaccine boosters
- Exxon Mobile Corporation (XOM) was down 4.62% after Austria’s lockdown announcement.
- Plug Power Inc (PLUG) was up 10.22% after the Build Back Better bill got US House approval
- Boeing Company (BA) was down 5.7 after reports of more production problems
Earnings Due: 15 Nov – 19 Nov
- Acer
- Zoom
- Foot Locker
Stocks To Watch: FedEx (FDX)
Following a disappointing third-quarter earnings result the share price has been on a steady decline since May. The recent pullback to the 200-day moving average does signal that there may very well be a possible breakdown lower if it fails to breakthrough. The rejection of the 200-day moving average, as well as the break of the 20- and 50-day moving averages, does signal a possible break lower given that a break of $241.50. Keep a close eye on where the price closes today as a possible downside to $216.90 could still be on the cards.
This post was brought you by TD Markets.
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