Long because of my algo and not this sh!tsh0w of a chart

Do not adjust your eyes or screen. There are no parts of this chart missing. Either FDX management is horrifyingly poor at guidance or the analysts that follow this one are really poor at their jobs. No matter, this hopefully won't last long enough for me to worry about whoever is incompetent at their job.

Full disclosure: I am not personally trading this. Not because of the freakish chart, but because I am already exposed to 3 other stocks in the shipping space and I'm already too heavily exposed. I was going to go long GPN, but about 2 min before the close it went up a few pennies and ruined my plan. It was the difference for my algo between GO and NO. I have learned to follow it unquestioningly and hopefully that one will be a go tomorrow.

So why FDX then? I screened every stock with a market cap of 2 billion and above and this one had the best track record with my algo. I only give you guys the best stuff...you're welcome. Also, earnings are in the rearview mirror at this point, which based on the chart, should be an obvious non-negotiable when trading this one.

Anyway, here's the deal. Throughout the backtest history going all the way back to May of 1978, my algo paired with this exit strategy are a near perfect 1603-1 on FDX, although that 1 is a trade from this past early December that would technically still be open. Think of all the chaotic times that covers and it turned a profit every time.

The average gain per trade is 1.7% with an average holding period of 18 days. Now most of those trades closed in under a week, but some REALLY long trades during the Great Recession and others pooped in everyone else's punchbowl and ruined the average. Even with those, it has still produced an average gain per day held of .094% which is better than 2x the average daily return of SPY, historically.

Oh by the way, for the chart worshippers out there, I guess you can hang your hat on the fact that it closed juuuuust above support (such that it is with a chart like this one).

So IF I was trading this, per my usual strategy, I'll add to my position at the close on any day it still rates as a “buy” according to my algo, and I will use FPC (first profitable close) to exit any lot on the day it closes at any profit. Even though I'm not trading it personally, I'll update it as if I were.

270.03 would be my initial entry price, though it traded lower after hours.

As always - this is intended as "edutainment" and my perspective on what I am or would be doing, not a recommendation for you to buy or sell. Act accordingly and invest at your own risk. DYOR and only make investments that make good financial sense for you in your current situation.