The $140 level is key for FDXFDX has been in a large, downward move over the past 9 months, and during the most recent 5-month stretch, the $140 price level (blue) has become very important to the stock, specifically as a support. You will notice on the chart above that on 3 separate occasions, including yesterday, the price of $140 has given FDX a bounce. The one time it didn’t, the stock fell to $120. The Tale of the Tape: FDX has a key level at $140. A trader could enter a long position on a pullback to $140 with a stop placed under the level. However, if traders are bearish on the stock, a short trade could be made instead on a break of the $140 support.Before making any trading decision, decide which side of the trade you believe gives you the highest probability of success. Do you prefer the short side of the market, long side, or do you want to be in the market at all? If you haven’t thought about it, review the overall indices themselves. For example, take a look at the S&P 500. Is it trending higher or lower? Has it recently broken through a key resistance or support level? Making these decisions ahead of time will help you decide which side of the trade you believe gives you the best opportunities.No matter what your strategy or when you decide to enter, always remember to use protective stops and you’ll be around for the next trade. Capital preservation is always key!Good luck!Christian Tharp, CMThttps://twitter.com/cmtstockcoach!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=/^http:/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+"://platform.twitter.com/widgets.js";fjs.parentNode.insertBefore(js,fjs);}}(document,"script","twitter-wjs");