FedEx (FDX) fell down the relative strength rankings of the SIA S&P 100 Index Report in the latter part of 2023, falling out of the green zone and dropping down into the red zone. FedEx then spent the first half of this year bouncing around the border of the yellow and red zones. FDX has returned to the Green Favored Zone finishing Friday in 21st place, up 36 spots in the last month.