Fedex's stock (FDX) rallied in the intraday levels after posting forecast-beating quarterly profits, while raising profits outlook for the entire year, sending the stock up 7.97% in the last session, or 16.26 points, and settling at 220.31, with trading volumes surpassing 12.6 million shares, above 10-day averages of 3.4 million shares.

Technically, the stock is dominated by the upward correctional trend in the short term, with positive pressure from the 50-day SMA, with positive signals from the RSI after reaching oversold levels.

Now the stock is moving higher above all SMA and EMA lines on the 10, 20, 50, 100, 200 day periods. 

Therefore we expect more gains for the stock, provided it settles above 217.40.

Expected trend for today: Bullish